During 2020, Harmony Co. sold $525,000 of merchandise at marked retail prices. At the end...
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During 2020, Harmony Co. sold $525,000 of merchandise at marked retail prices. At the end of 2020, the following information was available from its records: At Cost At RetailBeginning inventory$132,600 $261,800 Net purchases 236,240 398,600 Use the retail method to estimate Harmonys 2020 ending inventory at cost. (Round your intermediate and final answers to 2 decimal places.) Need Ending Inventory?
During 2020, Harmony Co. sold $525,000 of merchandise at marked retail prices. At the end of 2020, the following information was available from its records: Beginning inventory Net purchases At Cost $132,600 236, 240 At Retail $261,800 398,600 Use the retail method to estimate Harmony's 2020 ending inventory at cost. (Round your intermediate and final answers to 2 decimal places.) Ending inventory
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