Question: 7 10 points Skipped Exercise 6-13 Estimating ending inventory-retail method LO6 During 2020, Harmony Co. sold $529,000 of merchandise at marked retail prices. At the
7 10 points Skipped Exercise 6-13 Estimating ending inventory-retail method LO6 During 2020, Harmony Co. sold $529,000 of merchandise at marked retail prices. At the end of 2020, the following information was available from its records: Beginning inventory Net purchases At Cost At Retail $136,600 240,240 $265,800 402,600 References Use the retail method to estimate Harmony's 2020 ending inventory at cost. (Round your intermediate and final answers to 2 decimal places.) Ending inventory
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