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Accounting
Can anyone help with this problem? And show how you got your answer? Thanks!
Barker Pet supply uses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at cost (retail) were $265,600 ($326,900), purchases during the current year at cost (retail) were $1,068,600 ($1,386,100), freight-in on these purchases totaled $63,900, sales during the current year totaled $1,302,000, and net markups (markdowns) were $2,000 place) 96 meaning one decimal $96,300 what is the ending inventory value at cost? round your percentage to A) $411,000 B) $246,667 Oc) $258,111 D) $316,700
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