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What is estimated cost of ending inventory for patel packing

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Reference no: EM132887549

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

Problem 1: What is the estimated cost of the ending inventory?

A. $44,188.

B. $57,102.

C. $57,750.

D. $69,300.

E. $105,000.

Reference no: EM132887549

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