Question
A company has goods available for sale during a period at cost and at retail of $90,000 and $150,000, respectively. If sales during the period
A company has goods available for sale during a period at cost and at retail of $90,000 and $150,000, respectively. If sales during the period amounted to $120,000, an estimate of the ending inventory at cost at the end of the period under the retail method is
a. $72,000
b. $30,000
c. $48,000
d. $18,000
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Monitoring And Auditing Practices For Effective Compliance
Authors: John E. Steiner
2nd Edition
0977843017, 978-0977843015
