During 2023. Harmony Co. sold $524,000 of merchandise at marked retail prices, At the end...
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Accounting
During 2023. Harmony Co. sold $524,000 of merchandise at marked retail prices, At the end of 2023 , the following information was avallable from its records: At Cost At Retail Beginning inventory $131,600 $260,800 Net purchases 235,240 397,600 Assume that in addition to estimating its ending inventory by the retail method, Harmony Co, also took a physical inventory at the marked selling prices of the inventory items at the end of 2023. Assume further that the total of this physical inventory at marked selling prices was $109.600
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