Apply the retail method to the following information and calculate the cost of the ending inventory:
$$\begin{array} { | l | r | r | }
\hline & \text { Cost } & \text { Retail } \
\hline \text { Beginnuing inventory } & \$ 16,800 & \$ 31,600 \
\hline \text { Net purchases } & 47,500 & 97,000 \
\hline \text { Bales } & 89,000 & \
\hline
\end{array}$$

Question

Apply the retail method to the following information and calculate the cost of the ending inventory:
 $$\begin{array} { | l | r | r | } 
\hline & \text { Cost } & \text { Retail } \
\hline \text { Beginnuing inventory } & \$ 16,800 & \$ 31,600 \
\hline \text { Net purchases } & 47,500 & 97,000 \
\hline \text { Bales } & 89,000 & \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of Apply the retail method to the following information and calculate the cost of the ending inventory:
 $$\begin{array} { | l | r | r | } 
\hline & \text { Cost } & \text { Retail } \
\hline \text { Beginnuing inventory } & \$ 16,800 & \$ 31,600 \
\hline \text { Net purchases } & 47,500 & 97,000 \
\hline \text { Bales } & 89,000 & \
\hline
\end{array}$$

Apply the Retail Method to the Following Information and Calculate