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Garden World uses the retail method to estimate its monthly cost of goods sold and month-end inventory. At May 31, the accounting records indicate the

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Garden World uses the retail method to estimate its monthly cost of goods sold and month-end inventory. At May 31, the accounting records indicate the cost of goods available for sale during the month (beginning inventory plus purchases) totaled $640,000. These goods had been priced for resale at $1,000,000. Sales in May totaled $400,000. The estimated inventory at May 31 is. Multiple Choice $640,000 0 $384,000 o $256.000 O $400.000

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