The Following Information Is Available for the Past Month for a Retail

question 132

Multiple Choice

The following information is available for the past month for a retail store: $$\begin{array} { | l | r | } \hline \text { Sales } & \$ 102,000 \\\hline \text { Markups } & \$ 10,000 \\\hline \text { Markdowns } & \$ 8,000 \\\hline \text { Purchases (at cost) } & \$ 38,800 \\\hline \text { Purchases (at retail) } & \$ 107,000 \\\hline \text { Beginning inventory (at cost) } & \$ 30,000 \\\hline \text { Beginning inventory (at retail) } & \$ 46,000 \\\hline\end{array}$$
What is the ending inventory at cost using the basic retail method? (Round cost-to-retail ratios to four decimal places.)

• A) $23,527
• B) $29,473
• C) $53,000
• D) $16,000

---

Definitions:

Liquid Soap

A cleansing agent in liquid form, used for hygiene purposes to remove dirt, oils, and other contaminants from the skin.

Effective Handwashing

The process of thoroughly cleaning hands with soap and water or an alcohol-based sanitizer to prevent the spread of infectious diseases.

Nosocomial

Refers to infections acquired in a hospital or healthcare facility that were not present or incubating at the time of admission.

Urinary Tract Infection

An infection in any part of the urinary system, including kidneys, ureters, bladder, and urethra, mostly caused by bacteria.