If Michelle Knows That the Ending Inventory at Retail for Her

question 31

Multiple Choice

If Michelle knows that the ending inventory at retail for her corner store is $22 000 and her cost to retail percentage is 45%, her ending inventory at cost can be estimated as:

• A) $9 900.
• B) $12 100.
• C) $31 900.
• D) $40 000.

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