A department store wants to estimate the cost of ending inventory using the conventional retail method.Round ratios to four decimal places.For example,0.43677 equals 0.4368.The following data is available:
Required:
Using the conventional retail method,estimate the cost of ending inventory.

Question

A department store wants to estimate the cost of ending inventory using the conventional retail method.Round ratios to four decimal places.For example,0.43677 equals 0.4368.The following data is available:
  Required:
Using the conventional retail method,estimate the cost of ending inventory.

Quizplus · Accepted Answer

The Answer of A department store wants to estimate the cost of ending inventory using the conventional retail method.Round ratios to four decimal places.For example,0.43677 equals 0.4368.The following data is available:
  Required:
Using the conventional retail method,estimate the cost of ending inventory.

A Department Store Wants to Estimate the Cost of Ending