Question
) Barbara Co. presents the following information: Cost Retail Net markups $ 785 Sales 2,850 Purchases $1,570 2,150 Net markdowns 50 Beginning inventory 300 350
) Barbara Co. presents the following information:
Cost Retail
Net markups $ 785
Sales 2,850
Purchases $1,570 2,150
Net markdowns 50
Beginning inventory 300 350
The company uses the average cost retail inventory method. What is the cost of ending inventory?
A) $233.55
B) $255.98
C) $275.80
D) $222.55
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Financial Management In The Sport Industry
Authors: Matthew T Brown, Daniel Rascher, Mark S Nagel, Chad McEvoy
2nd Edition
9781621590118
