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Business, 06.05.2020 05:40 aria0826

Garden World uses the retail method to estimate its monthly cost of goods sold and month-end inventory. At May 31, the accounting records indicate the cost of goods available for sale during the month (beginning inventory plus purchases) totaled $500,000. These goods had been priced for resale at $860,000. Sales in May totaled $420,000. The estimated inventory at May 31 is:

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