Homework Help: business math

Posted by T. on Wednesday, February 8, 2012 at 4:32pm.

Estimate the cost of ending inventory for August for Roman's Jewelry Store using the retail method on the following data:
Cost Retail
Beginning inventory for August $180,000 $288,000
Purchases during August $70,000 $112,000
Net sales during August $80,000

(Points: 5)
$50,000
$156,250
$200,000
$128,000

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