calculate uncle but ha hunting supply shops ending inventory using the retail inventory method under the LIFO cost flow assumption. round the cost to retail ratio to 3 decimal places.

Retail Inventory Method Unde Butch's Hunting Supply Shop reports the following information relat Cost Retail $35,000 75,000 Beginning inventory Purchases Net additional markups Net markdowns $92,000 200,000 15,000 (22,000) $285,000 (178,000) $107,000 Goods available for sale $110,000 Sales Ending inventory at retail Calculate Uncle Butch's Hunting Supply Shop's ending inventory using th decimal places. 204,330 x Feedback Check My Work A company using the retail method performs the following steps: 1. Compute the total goods available for sale at both cost and Cost Reta Beginning inventory Net Purchases Net additional markups