Homework answers / question archive / Retail inventory method   the following information is provided by Raynette pharmacy for the last quarter of its fiscal year ending on March 31 20-   inventory start of period, January 1 ,20- cost 32,200 retail 53,100   net purchases during the period cost 166,376 retail 262,100   net sales for the period retail 261,600 required:   1) estimate the ending inventory as of March 31 using the retail inventory method

Retail inventory method   the following information is provided by Raynette pharmacy for the last quarter of its fiscal year ending on March 31 20-   inventory start of period, January 1 ,20- cost 32,200 retail 53,100   net purchases during the period cost 166,376 retail 262,100   net sales for the period retail 261,600 required:   1) estimate the ending inventory as of March 31 using the retail inventory method

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Retail inventory method

the following information is provided by Raynette pharmacy for the last quarter of its fiscal year ending on March 31 20-

inventory start of period, January 1 ,20- cost 32,200 retail 53,100

net purchases during the period cost 166,376 retail 262,100

net sales for the period retail 261,600 required:

1) estimate the ending inventory as of March 31 using the retail inventory method.

2)estimate the cost of goods sold for the time. January 1 to March 31 using the retail inventory method