Question: Using the retail method and the following data, estimate the cost of ending inventory. (Round intermediate calculations to 2 decimal places and the final answer

Using the retail method and the following data, estimate the cost

Using the retail method and the following data, estimate the cost of ending inventory. (Round intermediate calculations to 2 decimal places and the final answer to the nearest whole number.) Cost Beginning inventory $424.000 Cost of goods purchased $295,000 Net sales Retail $630,000 $435.000 $420,000 a. $435,440 b. $645,000 c. $438,600 d. $299,000

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