Trent Co. uses the retail inventory method. The following information is available for the current year.

-The approximate cost of the ending inventory by the conventional retail method is
A) $95,900.
B) $94,920.
C) $98,000.
D) $102,480.

Question

Trent Co. uses the retail inventory method. The following information is available for the current year.
 
-The approximate cost of the ending inventory by the conventional retail method is
A) $95,900. 
B) $94,920. 
C) $98,000. 
D) $102,480.

Quizplus · Accepted Answer

$140,000 × .685 = $95,900

Trent Co Uses the Retail Inventory Method