Lolita Company has the following information: Lolita Company's estimated ending inventory is: (Round your final answer to the nearest dollar. )

Name: Lolita Company has the following information: Lolita Company's estimated ending inventory is: (Round your final answer to the nearest dollar. )
Brand: Quizplus
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Question

Lolita Company has the following information:  Lolita Company's estimated ending inventory is: (Round your final answer to the nearest dollar. )

Quizplus · Accepted Answer

Cost of Goods Available = $190,000 + $420,000 = $610,000
Less: Cost of Goods Sold = 60% × $$790,000 = $474,000
Estimated Ending Inventory = $610,000 - $474,000 = $136,000

Lolita Company Has the Following Information: Lolita Company's Estimated