Trent Co. uses the retail inventory method. The following information is available for the current year.

-The ending inventory at retail should be
A) $160,000.
B) $150,000.
C) $144,000.
D) $140,000.

Name: Trent Co. uses the retail inventory method. The following information is available for the current year. -The ending inventory at retail should be A) $160,000. B) $150,000. C) $144,000. D) $140,000.
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Question

Trent Co. uses the retail inventory method. The following information is available for the current year.
 
-The ending inventory at retail should be
A) $160,000. 
B) $150,000. 
C) $144,000. 
D) $140,000.

Quizplus · Accepted Answer

$122,000 + $415,000 - $2,000 + $15,000 - $20,000 - $390,000 = $140,000

Trent Co Uses the Retail Inventory Method