If the cost to retail ratio is 60% and ending inventory at retail is $45,000, then estimated ending inventory at cost is $27,000.

Name: If the cost to retail ratio is 60% and ending inventory at retail is $45,000, then estimated ending inventory at cost is $27,000.
Brand: Quizplus
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Quizplus · Accepted Answer

The estimated ending inventory at cost is calculated by multiplying the ending inventory at retail by the cost to retail ratio. Therefore, $45,000 * 60% = $27,000.

If the Cost to Retail Ratio Is 60% and Ending