The total cost valuation of a department store's inventory is $180,000, while the total retail valuation of sales was $360,000. Approximately how much of every retail sales dollar is made up of merchandise cost?

The total cost valuation of a department store's inventory is $180,000, while the total retail valuation of sales was $360,000. Approximately how much of every retail sales dollar is made up of merchandise cost?

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 3CE: Pietro expects to produce 50,000 units and sell 49,300 units. Beginning inventory of finished goods...

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I want to correct answer general accounting question

The total cost valuation of a department store's inventory is
$180,000, while the total retail valuation of sales was $360,000.
Approximately how much of every retail sales dollar is made up of
merchandise cost?

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