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Cost Retail
Merchandise inventory, June 1
Purchases in June (net)
Merchandise available for sale
Ratio of cost to retail price: Cost:
Retail:
Sales for June (net)
Merchandise inventory, June 30, at retail
Multiply by ratio of cost to retail price
Merchandise inventory, June 30, at estimated cost
0%
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Exercise 6-25
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Cost Retail
Merchandise inventory, June 1 165,000$ 275,000$
Exercise 6-25
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Solution
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ON
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