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please help me fill the rest!! May's Dress Shop's Inventory at cost on January 1 was $37.000. Its retail value was $57000, During the year.
please help me fill the rest!!
May's Dress Shop's Inventory at cost on January 1 was $37.000. Its retail value was $57000, During the year. May purchased additional merchandise at a cost of $194,600 with a retail value of $394,600. The net sales at retail for the year were $346.000, Calculate May's inventory at cost by the retail method (Round the "cost ratio" to the nearest whole percent.) Cost 37.000 $ $ Retail 57,000 394,600 $ 231,600 Beginning inventory Purchases Cost of goods available for sale Less net sales for year Ending Inventory at retail Cost ratio Ending inventory at cost
please help me fill the rest!!
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