Multiple Choice
Hard Candy has a beginning inventory of $1,600 with a retail value of $2,000. June purchases were $3,000, with a retail value of $5,000 and retail sales were $4,700. What is the June 30 estimated ending inventory at cost under the retail method? (Round any percentages to two decimal places, X.XX%, and your final answer to the nearest dollar.)
A) $2,300
B) $1,051
C) $3,088
D) $1,511
Correct Answer:
Verified
Correct Answer:
Verified
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