A small toy store uses the retail method FIFO,LCM to value its inventory.The following information is available for 2005: Net Markdowns
Required: Determine the December 31,2005 inventory cost under the retail method-FIFO basis.

Question

A small toy store uses the retail method FIFO,LCM to value its inventory.The following information is available for 2005:  Net Markdowns
Required: Determine the December 31,2005 inventory cost under the retail method-FIFO basis.

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The Answer of A small toy store uses the retail method FIFO,LCM to value its inventory.The following information is available for 2005:  Net Markdowns
Required: Determine the December 31,2005 inventory cost under the retail method-FIFO basis.

A Small Toy Store Uses the Retail Method FIFO,LCM to Value