Darla's Card Shop uses the average cost retail inventory method to determine the ending inventory. Darla's accounting records for the current year contained the following information:
In addition, sales returns for the year were $28,000, and employee discounts taken were $6,000. What is the cost of the ending inventory

Question

Darla's Card Shop uses the average cost retail inventory method to determine the ending inventory. Darla's accounting records for the current year contained the following information:  
In addition, sales returns for the year were $28,000, and employee discounts taken were $6,000. What is the cost of the ending inventory

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The Answer of Darla's Card Shop uses the average cost retail inventory method to determine the ending inventory. Darla's accounting records for the current year contained the following information:  
In addition, sales returns for the year were $28,000, and employee discounts taken were $6,000. What is the cost of the ending inventory

Darla's Card Shop Uses the Average Cost Retail Inventory Method