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.

Recognize the role of art in political and social commentary.

Understand the emergence of Dada and Surrealism in response to societal changes.

Understand the concept of cause and effect in economic contexts.

Interpret graphical data and understand the implications of different slopes.

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Definitions:

Visual

Pertaining to the sense of sight or relating to vision, often used to describe things that can be perceived with the eyes.

Communication Style

The unique manner in which a person communicates messages to others through both speech and body language.

Note-Taking

The practice of recording information captured from another source, typically in the context of a lecture or reading.

Visual

Pertaining to the sense of sight or visual aids.