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What is the estimate cost percentage of the ending inventory

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Reference no: EM132465228

The data shown is taken from the records of Locust Inc. for the year 2015.

Sales                                $135,600
Sales returns                          1,600
Freight in                               3,640
Purchases (at cost)                68,560
Purchases (at retail)               92,480
Purchase discounts                   1,000
Beginning inventory (at cost)    65,600
Beginning inventory (at retail)   87,520

Question 1: What is the estimated cost percentage of the ending inventory for 2015?

Reference no: EM132465228

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