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Buena Vista Co. uses the retail inventory method. The following information is available for the current year. Cost Retail Beginning inventory $ 312,000 $475,000 Purchases
Buena Vista Co. uses the retail inventory method. The following information is available for the current year. Cost Retail Beginning inventory $ 312,000 $475,000 Purchases 1,180,000 1,670,000 Freight-in 22,500 Employee discounts - 6,900 Net markups - 57,000 Net markdowns - 70,000 Sales revenue 1,630,000 The approximate cost of the ending inventory by the conventional retail method is (Hint: Round intermediate calculation to 3 decimal places, e.g. 0.635 and final answer to 0 decimal places.) O $362,193 O $340,629 O $333,166 O $382,000
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