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Flott Department Store prepares monthly financial statements

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Flott Department Store prepares monthly financial statements aEx. 237 Flott Department Store prepares monthly financial statements but only takes a physical count of merchandise inventory at the end of the year. The following information has been developed for the month of July: At Cost At Retail Beginning inventory $ 35,000 $ 50,000 Merchandise purchases 115,000 150,000 The net sales for July amounted to $140,000. Instructions Use the retail inventory method to estimate the ending inventory at cost for July. Show all computations to support your answer. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help

Flott Department Store prepares monthly financial statements

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