What estimated ending inventory at cost using retail method

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Reference no: EM132703525

Problem1 : What is the estimated ending inventory at cost, using the retail method?

Ending inventory at selling price (retail): $53,500

A. $40,125

B. $71,155

C. $36,380

D. $39,050

Cost Selling Price

Beginning inventory $50,400 $67,900

Purchases 128,500 170,600

Goods available for sale $178,900 $238,500

Reference no: EM132703525

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