Question: plz help me Am stuck with a question On the basis of the following data estimate the cost of the merchandise inventory at June 30

plz help me Am stuck with a question

On the basis of the following data estimate the cost of the merchandise inventory at June 30 by the retail method: NOTE: When computing the cost to retail percentage, round to the nearest whole percentage If required. Cost Retail June 1 $83,520 $104,400 June 1-30 Merchandise inventory Purchases (net) Sales (net) 612,480 765,600 June 1-30 748,000 Cost of the Merchandise Inventory June 30 Cost Retail Merchandise inventory, June 1 83,52 104.400 Purchases in June (net) 612480 765,600 748.000 X Merchandise available for sale Ratio of cost to retail price: Sales for June (net) Merchandise inventory, June 30, at retail price III Merchandise inventory June 30. at estimated cost

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