Question: Check my Problem 17.5A Estimating inventory by the retail method. LO 17-5 The August inventory of Hawkins Company had a cost of $71,000 and a

Check my Problem 17.5A Estimating inventory by the retail method. LO 17-5 The August inventory of Hawkins Company had a cost of $71,000 and a retail value of $106.000. During August, merchandise was purchased for $93.910 and marked to sell for $133.000. August sales totaled $117.000 Required: 1. Compute the retail value of the ending Inventory as of August 31 2. Compute the approximate cost of the ending Inventory 3. Compute the cost of goods sold during August Analyte: What is the amount of estimated gross profit on sales for the month ending August 31 Complete this question by entering your answers in the tabs below. Hequired 1 Required 2 Reged 3 Analyze Compute the retail value of the ending inventory as of August 31. eging w ory, 71.000 30.010 104910 100.000 130.000 $ 210.000 Total merchandise b b

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