Question: please help? Retail Inventory Method The following information is provided by Raynette's Pharmacy for the last quarter of its fiscal year ending on March 31,

 please help? Retail Inventory Method The following information is provided by

please help?

Retail Inventory Method The following information is provided by Raynette's Pharmacy for the last quarter of its fiscal year ending on March 31, 20--: Cost Retail $29,700 $52,600 Inventory, start of period, January 1, 20-- Net purchases during the period Net sales for the period 160,080 263,700 261,300 Required: 1. Estimate the ending inventory as of March 31 using the retail inventory method. $ 818,600 X 2. Estimate the cost of goods sold for the time period January 1 through March 31 using the retail inventory method. $818,600 X

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