A Business Uses the Retail Inventory Method to Estimate the Value

question 59

Multiple Choice

A business uses the retail inventory method to estimate the value of the ending inventory.For the month of May,the cost of goods available for sale is $15,625 at cost and $21,550 at retail.The cost ratio is:

• A)72.5%.
• B)27.5%.
• C)37.9%.
• D)None of these are correct.

---

Definitions:

Apple MacOS

The operating system developed by Apple Inc. for its line of Macintosh computers, known for its distinctive user interface.

Visual Basic

A programming language and environment developed by Microsoft for building a wide range of applications, emphasizing ease of use and rapid development.

Windows Applications

Windows applications are software programs designed to run on Microsoft Windows operating system, offering a wide range of functionalities for personal and professional use.

HTML/XHTML

Markup languages used for creating and designing web pages, with HTML standing for HyperText Markup Language and XHTML for eXtensible HyperText Markup Language.