Question: Based on the following data, compute the estimated cost of the ending inventory at Cummings Company. Use the retail method. Retail Cost $ 678,000 Beginning

Based on the following data, compute the estimated cost of the ending inventory at Cummings Company. Use the retail method.

Retail Cost $ 678,000 Beginning inventory Purchases Freight in Sales $450,000 980,000 650,000 4,200 1,014,000

Retail Cost $ 678,000 Beginning inventory Purchases Freight in Sales $450,000 980,000 650,000 4,200 1,014,000

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