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Eaton Company uses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at cost (retail) were $790,000 ($980,700), purchases
Eaton Company uses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at cost (retail) were $790,000 ($980,700), purchases during the current year at cost (retail) were $3,205,800 ($4,100,000), freight-in on these purchases totaled $191,700, sales during the current year totaled $4,056,000, and net markups (markdowns) were $6.000 ($288,900). What is the ending inventory value at cost? 1 Hour, 5- $1,083,000 $652,082 O $741.800 O $610,669
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