HIG LILLJ.JU Question 3 (1 point) On July 10, 20XX, ABC Corp sold its products to retailers on account for a lling price of $511,310 with a cost of goods sold of $409,040. The company grants the right to return products that do not sell in three months following delivery. Past experience indicates that the normal return rate is 13.10%. By October 11, 20XX, retailers returned systems to the company and were granted credits of $56,970. Using these numbers, how much total inventory (in cost) is the company estimating to receive as returns? $53,584 $54,924 $56,263 $57,603 $58.943 Previous Page Next Page Page 3 of 30