Question: Andover Stores uses the average cost retail method to estimate its ending inventory, Information as of June 30, 2021, is as follows: Beginning inventory Net
Andover Stores uses the average cost retail method to estimate its ending inventory, Information as of June 30, 2021, is as follows: Beginning inventory Net purchases Net sales Cost $ 37,000 237.000 Retail $ 74,000 426,000 392,000 Required: Use the retail method to estimate the June 30, 2021, Inventory. (Round "Cost-to-retail percentage" to 1 decimal place.) Estimated ending inventory (At Retail) Estimated ending inventory (Al Cost)
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