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

Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter7: Applying Fractions
Section7.6: Percents Problems
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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
Transcribed Image Text: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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