Ortiz Department Store Utilizes the Retail Inventory Method to Estimate

question 158

Multiple Choice

Ortiz Department Store utilizes the retail inventory method to estimate its inventories. It calculated its cost to retail ratio during the period at 70%. Goods available for sale at retail amounted to $600000 and goods were sold during the period for $440000. The estimated cost of the ending inventory is

• A) $112000.
• B) $160000.
• C) $308000.
• D) $420000.

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Definitions:

Anal Intercourse

A form of sexual activity involving stimulation of the anal region.

Infected With AIDS

Referring to having acquired the Human Immunodeficiency Virus (HIV), which severely damages the immune system and can lead to Acquired Immune Deficiency Syndrome (AIDS).

Sexual Activity

Engaging in any action that is intended to arouse or satisfy sexual desires, including intercourse and other forms of sexual conduct.

Masters And Johnson's

Researchers who conducted pioneering research into the nature of human sexual response and the diagnosis and treatment of sexual dysfunctions and disorders from the late 1950s through the 1990s.