Mishu Inc. uses the retail inventory method to value its merchandise inventory. The following information is available for 2014: What is Mishu's estimated ending inventory at cost?
A) ¥67,980,000
B) ¥132,000,000
C) ¥268,000,000
D) ¥400,000,000

Question

Mishu Inc. uses the retail inventory method to value its merchandise inventory. The following information is available for 2014:  What is Mishu's estimated ending inventory at cost?
A) ¥67,980,000 
B) ¥132,000,000 
C) ¥268,000,000 
D) ¥400,000,000

Quizplus · Accepted Answer

The Answer of Mishu Inc. uses the retail inventory method to value its merchandise inventory. The following information is available for 2014:  What is Mishu's estimated ending inventory at cost?
A) ¥67,980,000 
B) ¥132,000,000 
C) ¥268,000,000 
D) ¥400,000,000

Mishu Inc Uses the Retail Inventory Method to Value Its Merchandise