Determine the estimated cost of the ending inventory for Hawkeye Tack as of September 30 by the retail method from the following data:
$\begin{array}{lll}
&& \text {Cost } & \text { Retail } \
\text { Sep. 1 } & \text { Beginning inventory} &\$500&\$800\
& \text { September purchases } &3,750&6,000\
& \text { September sales } &&5,500\
\end{array}$

Question

Determine the estimated cost of the ending inventory for Hawkeye Tack as of September 30 by the retail method from the following data:
 $\begin{array}{lll}
 && \text {Cost  } & \text { Retail }  \
 \text { Sep. 1  } & \text {  Beginning inventory} &\$500&\$800\
& \text { September purchases } &3,750&6,000\
& \text { September sales } &&5,500\
\end{array}$

Quizplus · Accepted Answer

The Answer of Determine the estimated cost of the ending inventory for Hawkeye Tack as of September 30 by the retail method from the following data:
 $\begin{array}{lll}
 && \text {Cost  } & \text { Retail }  \
 \text { Sep. 1  } & \text {  Beginning inventory} &\$500&\$800\
& \text { September purchases } &3,750&6,000\
& \text { September sales } &&5,500\
\end{array}$

Determine the Estimated Cost of the Ending Inventory for Hawkeye