West Retail uses the retail method of inventory valued at average cost, lower of cost and market. The following information relates to 2012: What is the retail value of the 2012 ending inventory?
A)$560
B)$700
C)$800
D)$1,000

Question

West Retail uses the retail method of inventory valued at average cost, lower of cost and market. The following information relates to 2012:  What is the retail value of the 2012 ending inventory?
A)$560 
B)$700 
C)$800 
D)$1,000

Quizplus · Accepted Answer

The Answer of West Retail uses the retail method of inventory valued at average cost, lower of cost and market. The following information relates to 2012:  What is the retail value of the 2012 ending inventory?
A)$560 
B)$700 
C)$800 
D)$1,000

West Retail Uses the Retail Method of Inventory Valued at Average