Harvey's Junk Jewelry started business January 1, 2018, and uses the LIFO retail method to estimate ending inventory. Listed below is data accumulated for the year ended December 31, 2018:
-To the nearest thousand, the estimated ending inventory at cost is (round cost-to-retail ratio to whole percentage):
A) $16,000.
B) $15,000.
C) $13,000.
D) $19,000.

Question

Harvey's Junk Jewelry started business January 1, 2018, and uses the LIFO retail method to estimate ending inventory. Listed below is data accumulated for the year ended December 31, 2018:  
-To the nearest thousand, the estimated ending inventory at cost is (round cost-to-retail ratio to whole percentage):
A) $16,000. 
B) $15,000. 
C) $13,000. 
D) $19,000.

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11ea937b_3624_2401_a419_079063bba997_TB2599_00

Harvey's Junk Jewelry Started Business January 1, 2018, and Uses