Mishu Inc Uses the Retail Inventory Method to Value Its Merchandise

question 61

Multiple Choice

Mishu Inc. uses the retail inventory method to value its merchandise inventory. The following information is available for 2014: What is Mishu's estimated ending inventory at cost?

• A) ¥67,980,000
• B) ¥132,000,000
• C) ¥268,000,000
• D) ¥400,000,000

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