Multiple Choice
A business uses the retail inventory method to estimate the value of the ending inventory. For the month of June, the cost of goods available for sale is $15,900 at cost and $22,100 at retail. The cost ratio is:
A) 71.9%.
B) 28.05%.
C) 39%.
D) None of these is correct.
Correct Answer:
Verified
Correct Answer:
Verified
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