Multiple Choice
A company has goods available for sale of $500,000 at retail and $350,000 at cost.It also had sales of $420,000 for the period.What is the estimated cost of ending inventory,using the retail method?
A) $56,000
B) $76,000
C) $80,000
D) $126,000
Correct Answer:
Verified
Correct Answer:
Verified
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