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Business, 23.06.2020 17:01 DASASDAEDWEDA
Geese Company utilizes the LIFO retail inventory method. Its cost-to-retail percentage is 60% based on beginning inventory and 64% based on current-period purchases. The company determined that beginning inventory at retail was $200,000 and that during the current period a new layer was added with retail value of $50,000. The cost of ending inventory should be
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Geese Company utilizes the LIFO retail inventory method. Its cost-to-retail percentage is 60% based...
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