Culate July closing book Inventory at retail if: o Opening book inventory is $972,000 o Net sales are $630,000 O Markdowns are 25% o Receipts are $464,260

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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tion
2.
A
3
o Opening book inventory is $972,000
Net sales are $630,000
O
late July closing book Inventory at retail if:
O
Markdowns are 25%
o Receipts are $464,260
Dotormin
Transcribed Image Text:tion 2. A 3 o Opening book inventory is $972,000 Net sales are $630,000 O late July closing book Inventory at retail if: O Markdowns are 25% o Receipts are $464,260 Dotormin
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