Question: Crane Department Store estimates inventory by using the retail inventory method. The following information was developed: At Cost At Retail Beginning inventory $350000 $700000 Goods

Crane Department Store estimates inventory by using the retail inventory method. The following information was developed: At Cost At Retail Beginning inventory $350000 $700000 Goods purchased Net sales 850000 1300000 1410000 The estimated cost of the ending ingentory is O $364000. O $336000. O $354000. O $236000

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