Question: 3. Retail method Omega Signs uses the retail method to estimate ending inventory in its monthly financial statements. The following information is available for the

3. Retail method Omega Signs uses the retail method to estimate ending inventory in its monthly financial statements. The following information is available for the month ended April 30: Cost Retail Sales Inventory, April 1 Net purchases Goods available for sale S 750,000 $300,000 500,000 250.000 500,000 $1.000.000 $550,000 Estimate the Cost of Goods Sold and the cost of the April 30h inventory using the retail method: (Please show your work)

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