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