Dicer Uses the Conventional Retail Method to Determine Its Ending

Multiple Choice

Dicer uses the conventional retail method to determine its ending inventory at cost.Assume the beginning inventory at cost (retail) were $130,000 ($198,000) , purchases during the current year at cost (retail) were $685,000 ($1,100,000) , freight-in on these purchases totaled $43,000, sales during the current year totaled $1,050,000, and net markups (markdowns) were $24,000 ($36,000) .What is the ending inventory value at cost?

A) $153,164.
B) $156,165.
C) $157,412.
D) $236,000.