During 2014, Harmony Co. sold $520,000 of merchandise at marked retail prices. At the end of 2014,

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During 2014, Harmony Co. sold $520,000 of merchandise at marked retail prices. At the end of 2014, the following information was available from its records:

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Use the retail method to estimate Harmony's 2014 ending inventory at cost. Round all calculations to two decimal places,
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Fundamental Accounting Principles

ISBN: 978-0071051507

Volume I, 14th Canadian Edition

Authors: Larson Kermit, Tilly Jensen

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