Question: The following data concerning the retail inventory method are taken from the financial records of Welch Company. Cost Retail Beginning inventory S 196.000 $ 280.000

The following data concerning the retail inventory method are taken from

The following data concerning the retail inventory method are taken from the financial records of Welch Company. Cost Retail Beginning inventory S 196.000 $ 280.000 Purchases 896,000 1.280.000 Freight-in 24,000 Net markups 80.000 Net markdowns 56.000 Sales 1.344.000 The ending inventory at retail should be A. $240,000. B. $296,000. C. $168,000. D. $256,000

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