Under the Retail Inventory Method the Estimated Cost of Ending

question 72

Multiple Choice

Under the retail inventory method the estimated cost of ending inventory is computed by multiplying the cost-to-retail ratio by

• A) net sales.
• B) goods available for sale at retail.
• C) goods purchased at retail.
• D) ending inventory at retail.

---

Definitions:

Sustainable, Long-Term Growth

Economic development that meets the needs of the present without compromising the ability of future generations to meet their own needs.

Worthy Cause

A socially beneficial project or charity that people consider deserving of support, attention, or donation.

Marketing Efforts

Activities and strategies employed by companies to promote and sell their products or services.

Pollution Prevention Pays

An environmental strategy emphasizing the reduction or elimination of waste at the source rather than treating and disposing of waste after it is created.