Use the Following Information for Questions
Trent Co -The Approximate Cost of the Ending Inventory by the Conventional

question 25

Multiple Choice

Use the following information for questions
Trent Co.uses the retail inventory method.The following information is available for the current year. $\begin{array}{lcc}&\text { Cost }& \text { Retail }\\\text { Beginning inventory } & \$ 78,000 & \$ 122,000 \\\text { Purchases } & 295,000 & 415,000 \\\text { Freight-in } & 5,000 & - \\\text { Employee discounts } & - & 2,000 \\\text { Net markups } & - & 15,000 \\\text { Net Markdowns } & - & 20,000 \\\text { Sales } & - & 390,000\end{array}$
-The approximate cost of the ending inventory by the conventional retail method is

• A)$95,900.
• B)$94,920.
• C)$98,000.
• D)$102,480.

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