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Garrison Company uses the retail method of inventory costing. It started the year with an inventory that had a retail cost of $35,254.00. During
Garrison Company uses the retail method of inventory costing. It started the year with an inventory that had a retail cost of $35,254.00. During the year, Garrison purchased an inventory with a retail sales value of $710,208.00. After performing a physical inventory, Garrison calculated the inventory at retail to be $71,925.00. The markup is 100% of cost. Determine the ending inventory at its estimated cost. Oa. $71,925.00 Ob. $-708.50 Oc. $35,962.50 Od. $336,768.50
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