A Business Uses the Retail Inventory Method to Estimate the Value

question 67

Multiple Choice

A business uses the retail inventory method to estimate the value of the ending inventory.For the month of May,the cost of goods available for sale is $15,625 at cost and $21,550 at retail.The cost ratio is:

• A)72.5%.
• B)27.5%.
• C)37.9%.
• D)None of these is correct.

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Definitions:

Masturbation

The sexual stimulation of one's own genitals for sexual arousal or pleasure, sometimes to the point of orgasm.

Pleasurable

An experience or activity that brings about feelings of enjoyment, happiness, or satisfaction.

Reprimanded

Being formally reproofed or criticized for wrongdoing or a mistake.

Sex Play

Exploration of sexual feelings and interactions, often seen as a normal part of developmental behavior in children.