Question: Will thumbs up for fast and correct answer Hawkeye Auto Parts uses the average cost retail method to estimate inventories. Data for the first six

 Will thumbs up for fast and correct answer Hawkeye Auto Parts

Will thumbs up for fast and correct answer

Hawkeye Auto Parts uses the average cost retail method to estimate inventories. Data for the first six months of 2021 include: beginning inventory at cost and retail were $70,000 and $115,000, net purchases at cost and retail were $800,000 and $1,315,000, and sales during the first six months totaled $815,000. The estimated inventory at June 30, 2021, would be: Multiple Choice $345,150. $375,150. O $377,450. O None of these answer choices are correct. O

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