Business, 10.03.2020 07:56 ayoismeisalex

The year-end inventory shows $135,000 worth of merchandise available at retail prices. What is the cost of the ending inventory calculated using the retail inventory method?

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Answer from: itsyaboiimikey15

$78,300

Explanation:

COMPUTATION OF GOODS AVAILABLE FOR SALE AT COST

Beginning inventory 80,000

Purchases 65,000

Goods available 145,000

COMPUTATION OF GOODS AVAILABLE FOR SALE AT RETAIL PRICE

Beginning inventory 130,000

Purchases 120,000

Goods available 250,000

Ending inventory at cost = (Cost/Retail Ratio) x Year-end Inventory at retail price

=($145,000/$250,000) x $135,000

= 58% x $135,000

= $78,300

Answer from: Quest

the earnings of a typical investor is around $1,000,000 to $10,000,000

hope this !

have a good day!

Answer from: Quest

the u.s. census bureau produces data on the population and economy nationwide. it can you to analyze the kind of people living in your neighborhood. it does not show you the market of people willing to buy your product or an existing market for your product. that will require more market research. the census bureau only gives you an insight to the demographics in your area.

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The year-end inventory shows $135,000 worth of merchandise available at retail prices. What is the c...

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