A Company Reports the Following Information Regarding Its Inventory

question 16

Multiple Choice

A company reports the following information regarding its inventory. Beginning inventory: cost is $80,000;retail is $130,000
Net purchases: cost is $65,000;retail is $120,000
Sales at retail: $145,000
The year-end inventory shows $135,000 worth of merchandise available at retail prices.What is the cost of the ending inventory calculated using the retail inventory method?

• A)$135,000.
• B)$73,125.
• C)$78,300.
• D)$72,900.
• E)$105,000.

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Definitions:

Gracilis

A slender muscle in the inner thigh that is involved in the adduction of the thigh and flexion of the leg at the knee.

Arthropathy

A term used to describe any disease affecting the joints, characterized by pain, swelling, and limited movement.

Myopathy

A disorder that affects the muscles, impairing their ability to contract and relax, which can lead to weakness and dysfunction.

Myalgia

Muscle pain or soreness, often related to overuse, injury, or underlying health conditions.