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What is the estimated cost of ending inventory

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Reference no: EM132681208

Question - Johnson Co. had sales during the most recent accounting period of $120,000. The cost of goods available for sale during this period was $117,000, and the retail selling price for these same goods was $150,000. What is the estimated cost of ending inventory using the retail method?

a. $30,000

b. $23,400

?c. $33,000

?d. $93,600

Reference no: EM132681208

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