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Question 40 Rick Castle's Best Value Inc. November 1 - November 30, 2009 Cost Retail Beginning Inventory, November 1 $40,000 $64,000 Purchases $245,000 $392,000 Net

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Question 40 Rick Castle's Best Value Inc. November 1 - November 30, 2009 Cost Retail Beginning Inventory, November 1 $40,000 $64,000 Purchases $245,000 $392,000 Net Sales $380,000 Use the retail method to estimate the value of the ending inventory at cost on November 30

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