Question
On a separate piece of paper use the information below to calculate the estimated ending inventory at March 31, 2020. (Round your answers to the
On a separate piece of paper use the information below to calculate the estimated ending inventory at March 31, 2020. (Round your answers to the nearest whole number). Use your answer to match the correct answer to the questions below. January 1 - March 31, 2020 Beginning inventory At Cost At Retail $35,600 $43,600 Cost of good purchased $18,500 $33,400 Transport in $1,200 $1,500 Transport out Net Sales $800 $1,200 $64,500 What is the goods available for sale at cost for the period January 1 to March 31, 2020? Choose... + What is the goods available for sale at retail for the period January 1 to March 31, 2020? Choose... + What is the ending inventory at retail at March 31, 2020? Choose... What is the cost to retail ratio? 70% O What is the estimated ending inventory at March 31, 2020? Choose
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