During 2023, Harmony Co. sold $518,000 of merchandise at marked retail prices. At the end of 2023, the following information was available from its records: Beginning inventory Net purchases At Cost $125,600 229,240 At Retail $254,800 391,600 Use the retail method to estimate Harmony's 2023 ending inventory at cost. (Round your intermediate and final answers to 2 decimal places.) Ending inventory

During 2023, Harmony Co. sold $518,000 of merchandise at marked retail prices. At the end of 2023, the following information was available from its records: Beginning inventory Net purchases At Cost $125,600 229,240 At Retail $254,800 391,600 Use the retail method to estimate Harmony's 2023 ending inventory at cost. (Round your intermediate and final answers to 2 decimal places.) Ending inventory

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Description: Please help me with show all calculation thanku Exercise 6-13 Estimating ending inventory-retail method LO6During 2023, Harmony Co. sold $518,000 of merchandise at marked retail prices. At the end of 2023, the following information wasavailable from

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter20: Accounting For Inventory

Section20.3: Estimating Inventory

Problem 1OYO

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