When you undertook the preparation of the financial statements for Pharoah Company at January 31,...
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When you undertook the preparation of the financial statements for Pharoah Company at January 31, 2026, the following data were available: Compute the ending inventory at cost as of January 31, 2026, using the retail method which approximates wer-of-cost-or-market. (Round cost to retail ratio to 2 decimal places, e.g. 15.25% and final answer to 0 decimal places, e.g. 5,125.)
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When you undertook the preparation of the financial statements for Pharoah Company at January 31, 2026, the following data were available: Compute the ending inventory at cost as of January 31, 2026, using the retail method which approximates wer-of-cost-or-market. (Round cost to retail ratio to 2 decimal places, e.g. 15.25% and final answer to 0 decimal places, e.g. 5,125.) 