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Kicks Shoe Store uses the retail inventory method for its two departments, Women's Shoes and Men's Shoes. The following information for each department is
Kicks Shoe Store uses the retail inventory method for its two departments, Women's Shoes and Men's Shoes. The following information for each department is obtained. Women's Men's Item Shoes Shoes Beginning inventory at cost $25,000 $45,000 Cost of goods purchased at cost 110,000 136,300 Net sales 178,000 185,000 Beginning inventory at retail 46,000 60,000 Cost of goods purchased at retail 179,000 185,000 Compute the estimated cost of the ending inventory for each department under the retail inventory method. Estimated cost of ending inventory Women's Shoes Men's Shoes
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