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What the estimated cost of the ending inventory for swifty

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Reference no: EM132757837

The following inventory information is provided for Swifty:

Beginning inventory: cost $87800; retail $115500

Net purchases: cost $70200; retail $137200

Sales at retail: $200200

Problem 1: The estimated cost of the ending inventory rounded to the nearest dollar and rounding the cost-to-retail ratio to the nearest percent is

A. $33075.

B. $52500.

C. $158000.

D. $252700.

Reference no: EM132757837

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