Question: Sunland Department Store estimates inventory by using the retail inventory method. The following information was developed: At Cost At Retail Beginning inventory $360000 $800000 Goods

Sunland Department Store estimates inventory by using the retail inventory method. The following information was developed: At Cost At Retail Beginning inventory $360000 $800000 Goods purchased 800000 1200000 Net sales 1407000 The estimated cost of the ending inventory is O $325940. O $343940. O $249060. O $353940

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