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Cha Cruz Enterprises (this firm sells volleyballs) had an inventory of $14,500 at cost and $23,800 at retail on June 30. During the next 3
Cha Cruz Enterprises (this firm sells volleyballs) had an inventory of $14,500 at cost and $23,800 at retail on June 30. During the next 3 months, they made purchases of $108,000 at cost and $170,000 at retail, and had Net Sales of $164,000. Use the retail method to estimate the value of inventory at cost on September 30.
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