Trask Inc.uses the average cost retail method to estimate its ending inventory.Partial information at June 30,2016,is as follows:

Required:
Assuming Trask's cost-to-retail = 60%,compute Trask's beginning inventory at retail.

Question

Trask Inc.uses the average cost retail method to estimate its ending inventory.Partial information at June 30,2016,is as follows:
  
Required:
Assuming Trask's cost-to-retail = 60%,compute Trask's beginning inventory at retail.

Quizplus · Accepted Answer

The Answer of Trask Inc.uses the average cost retail method to estimate its ending inventory.Partial information at June 30,2016,is as follows:
  
Required:
Assuming Trask's cost-to-retail = 60%,compute Trask's beginning inventory at retail.

Trask IncUses the Average Cost Retail Method to Estimate Its Ending