Trask Inc. uses the average cost retail method to estimate its ending inventory. Partial information at June 30, 2013, is as follows: Required:
Assuming Trask's cost-to-retail = 60%, compute Trask's beginning inventory at retail.

Question

Trask Inc. uses the average cost retail method to estimate its ending inventory. Partial information at June 30, 2013, is as follows:  Required:
Assuming Trask's cost-to-retail = 60%, compute Trask's beginning inventory at retail.

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The Answer of Trask Inc. uses the average cost retail method to estimate its ending inventory. Partial information at June 30, 2013, is as follows:  Required:
Assuming Trask's cost-to-retail = 60%, compute Trask's beginning inventory at retail.

Trask Inc Uses the Average Cost Retail Method to Estimate Its