A firm's ending retail book value of inventory is $300,000; its stock shortages are $15,000.If its cost complement is 0.70,what is its ending inventory at cost?

Name: A firm's ending retail book value of inventory is $300,000; its stock shortages are $15,000.If its cost complement is 0.70,what is its ending inventory at cost?
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Ending inventory at cost = Ending retail book value of inventory - Stock shortages / Cost complement= $300,000 - $15,000 / 0.70= $285,000 / 0.70= $210,000

A Firm's Ending Retail Book Value of Inventory Is $300,000;