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The following information was obtained from the ABC Company books for 2020: DATA (in thousands) COST RETAIL Initial inventory $ 130 $ 220 Purchases 90
The following information was obtained from the ABC Company books for 2020:
DATA (in thousands)
COST
RETAIL
Initial inventory
$ 130
$ 220
Purchases
90
152
Freight on Purchase
fifteen
Net "Mark Ups"
10
"Mark Downs" Net
(12)
Cost of Available Goods
$ 370
Sales
(100)
Final inventory
?
?
The company uses conventional retail method (Average-LCM), estimate the ending inventory.
Select one:
to. $ 166.10
b. $ 216.00
c. $ 157.62
d. $ 153.76
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