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9. Green Co., a retailer, provided you with the following October 31, 20X7 year-to-date information from its accounts and records: Sales (from general ledger).....................$1,814,000 January
9. Green Co., a retailer, provided you with the following October 31, 20X7 year-to-date information from its accounts and records: Sales (from general ledger).....................$1,814,000 January 1, 20X7 inventory balance.. Purchases (net).. @Cost @Retail $458,144 $573,500 $1,543,000 $1,940,500 Using the conventional retail method, estimate the cost of Green Co.'s ending inventory on October 31, 20X7 and Green Co.'s estimated cost of goods sold through October 31, 20X7. a. Ending inventory cost: $700,000; COGS: $1,443,944 b. Ending inventory cost: $700,000; COGS: $2,001,144 c. Ending inventory cost: $557,200; COGS: $1,443,944 d. Ending inventory cost: $557,200; COGS: $2,001,144 Topic covered in 4.7 Report a
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