Multiple Choice
Patel Packing had the following information for its inventory: Beginning inventory: cost $107,000; retail $130,000 Net purchases: cost $58,000; retail $120,000 Sales at retail: $145,000 What is the estimated cost of the ending inventory?
A) $44,188
B) $57,102
C) $57,750
D) $69,300
E) $105,000
Correct Answer:
Verified
Correct Answer:
Verified
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