Patel Packing Had the Following Information for Its Inventory: Beginning

question 92

Multiple Choice

Patel Packing had the following information for its inventory: Beginning inventory: cost $107,000; retail $130,000 Net purchases: cost $58,000; retail $120,000Sales at retail: $145,000What is the estimated cost of the ending inventory?

• A)$105,000.
• B)$44,188.
• C)$57,102.
• D)$69,300.
• E)$57,750.

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