Dakota Company had net sales $($at retail$)$ of $$144,000.$

$\backslash$table$[[,$At Cost,At Retail$],[$Beginning inventory,$$33,300,$$$65,600$

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es Dakota Company had net sales (at retail) of $144,000. At Cost $ 33,300 51,054 At Retail $ 65,600 99,800 Beginning inventory Cost of goods purchased The above additional information is available from its records. Use the retail inventory method to estimate Dakota's year-end inventory at cost. (Round cost ratio to the nearest whole percentage.). Beginning inventory Cost of goods purchased Net sales at retail $ $ At Cost 33,300 51,054 84,354 Cost-to-Retail Ratio $ $ At Retail 65,600 99,800 165,400 es Dakota Company had net sales (at retail) of $144,000. At Cost $ 33,300 51,054 At Retail $ 65,600 99,800 Beginning inventory Cost of goods purchased The above additional information is available from its records. Use the retail inventory method to estimate Dakota's year-end inventory at cost. (Round cost ratio to the nearest whole percentage.). Beginning inventory Cost of goods purchased Net sales at retail $ $ At Cost 33,300 51,054 84,354 Cost-to-Retail Ratio $ $ At Retail 65,600 99,800 165,400

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The retail inventory method is an accounting technique used to estimate the value of a stores mercha... View the full answer