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Al-Najar Shoe had goods available for sale in 2018 with a retail price of OMR 120,000. The cost of these goods was OMR 84,000. If
Al-Najar Shoe had goods available for sale in 2018 with a retail price of OMR 120,000. The cost of these goods was OMR 84,000. If sales during the period were OMR 90,000, what is the ending inventory at retail, using the retail inventory method?
a.
OMR 30,000
b.
OMR 36,000
c.
OMR 80,000
d.
OMR 36,000
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