uncle butch's

Retail Inventory Method Uncle Butch's Hunting Supply Shop reports the following information related to inventory: Cost Retail $35,000 75,000 Beginning inventory Purchases Net additional markups Net markdowns Goods available for sale $92,000 200,000 15,000 (22,000) $110,000 $285,000 Sales (178,000) Ending inventory at retail $107.000 Calculate Uncle Butch's Hunting Supply Shops ending inventory using the retail Inventory method under the lower of average cost or market assumption. Round the cost-to-retail ratio to 3 decimal places 41,302 X