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The following data concerning the retail inventory method are taken from the financial records of Welch Company. Cost Retail Beginning inventory S 196.000 $ 280.000

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The following data concerning the retail inventory method are taken from the financial records of Welch Company. Cost Retail Beginning inventory S 196.000 $ 280.000 Purchases 896,000 1.280.000 Freight-in 24,000 Net markups 80.000 Net markdowns 56.000 Sales 1.344.000 The ending inventory at retail should be A. $240,000. B. $296,000. C. $168,000. D. $256,000

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