Based on the above data, calculate the estimated cost of the merchandise inventory on October 31 using

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Based on the above data, calculate the estimated cost of the merchandise inventory on October 31 using the retail method. (round to one decimal place) October 1 October 1-31 October 1-31 Merchandise inventory Purchases (net) Sales Cost $1.836,500 3,455,245 Retail $3,159,600 5,212,750 6,895,000

Posted Date: May 18, 2024 09:15 AM

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Based on the above data, calculate the estimated cost of the merchandise inventory on October 31 using

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