Retail method of inventory is used to avoid physical count of inventory which is time consuming. It is used to estimate the value of inventory. It does not provide accurate figures and reflects only the estimates. To compute: Ending inventory using retail method.

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Chapter 5, Problem 20E

To determine

Introduction: Retail method of inventory is used to avoid physical count of inventory which is time consuming. It is used to estimate the value of inventory. It does not provide accurate figures and reflects only the estimates.

To compute: Ending inventory using retail method.

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