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Coastal Company had goods available for sale at cost amounting to $90,000 and at retail...

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Question

Accounting

Coastal Company had goods available for sale at cost amounting to $90,000 and at retail amounting to $150,000. The net sales for the current period amounted to $100,000. What is the estimated value of the ending inventory at cost using the retail method?

A.

$50,000
B.

$30,000
C.

$54,000
D.

$36,000

Answer & Explanation Solved by verified expert
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