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Major Brands, Inc., a clothing retailer, started the quarter with an inventory valued at $27.5 million. During the quarter, it purchased new merchandise for $115.6
Major Brands, Inc., a clothing retailer, started the quarter with an inventory valued at $27.5 million. During the quarter, it purchased new merchandise for $115.6 million. The accountant estimated the cost of goods sold for the quarter at $125.7 million. On the quarterly balance sheet, Major Brands will report ending inventory of ________ million.
$37.6
$17.4
$27.5
$10.1
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