Using the Retail Inventory Method, If the Cost to Retail

question 69

True/False

Using the retail inventory method, if the cost to retail ratio is 70% and ending inventory at retail is
$145,000, then estimated ending inventory at cost is $207,143.

---

Definitions:

Conversation Starter

A question or statement designed to initiate dialogue or discussion.

Style of Talking

The distinctive manner in which an individual communicates verbally, reflecting their personality, cultural background, and social context.

Oral Expression

The ability to articulate thoughts, ideas, or information verbally in a clear and understandable manner.

Personality

Personality encompasses the unique set of emotional, thought, and behavioral patterns that define an individual’s character and influence their interactions with the environment.