Universal Suppliers had sales of $471,000 in the month of June. Use the retail method to estimate the value of the inventory (in $) as of June 30 given the following Financial information: Universal Suppliers Financial Highlights June 1-June 30 Cost Retail Beginning Inventory $304,371 $581,900 Net Purchases (June) 125,353 228,900

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Q: Universal Suppliers had sales of $473,000 in the month of June. Use the retail method to estimate…

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Q: Universal Suppliers had sales of $473,000 in the month of June. Use the retail method to estimate…

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