Use the following information for questions 125 through 129.
Plank Co. uses the retail inventory method. The following information is available for the current year. 
-The ending inventory at retail should be
Definitions:
Defense
The argument and evidence presented by a defendant in response to charges or claims in a legal proceeding.
Joint Payees
Individuals or entities named in a negotiable instrument as the collective recipients of a payment or financial obligation.
Negotiate
The process of discussing something with one or more people in order to reach an agreement or settle differences.
Alternative Payees
Refers to the option within certain financial instruments or payment arrangements to designate a different recipient than the original one specified.
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