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The Baby Super Store Uses the Average Cost Retail Inventory

question 92

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The Baby Super Store uses the average cost retail inventory method to determine its ending inventory. The accounting records for the current year for the Baby Super Store contained the following information: The Baby Super Store uses the average cost retail inventory method to determine its ending inventory. The accounting records for the current year for the Baby Super Store contained the following information:    In addition, the accounting records for Baby Super Store disclosed that freight-in charges were $6,700. What is the cost-to-retail percentage to be used for ending inventory calculations?
In addition, the accounting records for Baby Super Store disclosed that freight-in charges were $6,700. What is the cost-to-retail percentage to be used for ending inventory calculations?


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