Question: LO4. Hellen uses the retail inventory method. The following information is av current year. Cost Retail Beginning inventory $234,000 $366,000 Purchases 885,000 1,245,000 Freight-in

LO4. Hellen uses the retail inventory method. The following information is av

LO4. Hellen uses the retail inventory method. The following information is av current year. Cost Retail Beginning inventory $234,000 $366,000 Purchases 885,000 1,245,000 Freight-in 15,000 Net markups 45,000 Net markdowns 66,000 1,170,000 Sales revenue The approximate cost of the ending inventory by the conventional retail method is a) $307,440. b) $287,700. c) $284,760. d) $294,000.

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