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Estimate the ending inventory and cost of goods sold for

Almaden Valley Variety Store uses the retail inventory method to estimate ending inventory and cost of goods sold. Data for 2011 are as follows:

Required:

Estimate the ending inventory and cost of goods sold for 2011, applying the conventional retail method (average, LCM).

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Accounting Basics: Estimate the ending inventory and cost of goods sold for

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Accounting Basics: Estimate the ending inventory and cost of goods sold for

Reference No:- TGS01347320

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