Question: Coronado Department Store utilizes the retail inventory method to estimate its inventories. It calculated its cost to retail ratio during the period at 80%. Goods

Coronado Department Store utilizes the retail inventory method to estimate its inventories. It calculated its cost to retail ratio during the period at 80%. Goods available for sale at retail amounted to $569000 and goods were sold during the period for $419000. The estimated cost of the ending inventory is

$150000.

$335200.

$455200.

$120000.

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