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Level 1
posted Jun 6, 2019 5:11:30 AM

Do I use wholesale or retail amount for end of year inventory?

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1 Best answer
Expert Alumni
Jun 6, 2019 5:11:31 AM

You have to value your ending inventory at cost, i.e. the price you actually paid for the goods remaining in inventory.

1 Replies
Expert Alumni
Jun 6, 2019 5:11:31 AM

You have to value your ending inventory at cost, i.e. the price you actually paid for the goods remaining in inventory.