Barbara Co The Company Uses the Average Cost Retail Inventory Method

question 22

Multiple Choice

Barbara Co.presents the following information: $\begin{array}{lcc}&\text { Cost }&\text { Retail }\\\text { Net markups } & & \$ 200 \\\text { Sales } & & 2,100 \\\text { Purchases } & \$ 1,870 & 2,050 \\\text { Net markdowns } & & 50 \\\text { Beginning inventory } & 240 & 300\end{array}$ The company uses the average cost retail inventory method.What is the cost of ending inventory?

• A)$340.00
• B)$330.98
• C)$379.80
• D)$337.60

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