Portman Inc. uses the conventional retail inventory method. Expressed in millions of dollars, information about Portman's 2013 inventory account is expressed in the table below: What is the value of Portman's inventory at 12/31/13?
A)$150 million.
B)$252 million.
C)$300 million.
D)None of the above is correct.

Question

Portman Inc. uses the conventional retail inventory method. Expressed in millions of dollars, information about Portman's 2013 inventory account is expressed in the table below:  What is the value of Portman's inventory at 12/31/13?
A)$150 million. 
B)$252 million. 
C)$300 million. 
D)None of the above is correct.

Quizplus · Accepted Answer

The Answer of Portman Inc. uses the conventional retail inventory method. Expressed in millions of dollars, information about Portman's 2013 inventory account is expressed in the table below:  What is the value of Portman's inventory at 12/31/13?
A)$150 million. 
B)$252 million. 
C)$300 million. 
D)None of the above is correct.