Question: accounting MEH | System Announcements (1 Unread) nment TIMER PRINTER VERSION BACK Question 8 Ortiz Department Store utilizes the retail inventory method to estimate its

accounting

MEH | System Announcements (1 Unread) nment TIMER PRINTER VERSION BACK Question 8 Ortiz Department Store utilizes the retail inventory method to estimate its inventories. It calculated its cost to retail ratio during the period at 70%. Goods available for sale at retail amounted to $600,000 and goods were s during the period for $440,000. The estimated cost of the ending inventory is $112,000. $160,000. $308,000. $420,000. Click if you would like to Show Work for this question: Open Show Work

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