Question: DEF Retailers uses the retail inventory method for inventory valuation. The following data is available: Cost of goods available for sale: $400,000 Sales: $300,000 Estimated


  • DEF Retailers uses the retail inventory method for inventory valuation. The following data is available:

    • Cost of goods available for sale: $400,000
    • Sales: $300,000
    • Estimated ending inventory at retail: $100,000 Calculate the estimated ending inventory at cost using the retail inventory method.

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