Question: Marigold Department Store utilizes the retail inventory method to estimate its inventories. It calculated its cost to retail ratio during the period at 7 0

Marigold Department Store utilizes the retail inventory method to estimate its inventories. It calculated its cost to retail ratio during the period at

70 % .

Goods available for sale at retail amounted to $

565000

and goods were sold during the period for $

426000 .

The estimated cost of the ending inventory is

298200 .

97300 .

395500 .

139000 .

Marigold Department Store utilizes the retail

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