Mathematics, 23.10.2019 08:00 taliyahjhonson1

john's bikes uses the retail inventory method sales at retail were $120,000. net purchases were $68,000 at cost and $124,000 at retail. beginning inventory was $32,000 at cost and $76,000 at retail method, what was the inventory at cost?
a.$24,000
b.$120,000
c.$40,000
d.$60,000

Answers: 3

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john's bikes uses the retail inventory method sales at retail were $120,000. net purchases were $68,000 at cost and $124,000 at retail. beginning inventory was $32,000 at cost and $76,000 at retail method, what was the inventory at cost? a.$24,000 b.$120,000 c.$40,000 d.$60,000

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john's bikes uses the retail inventory method sales at retail were $120,000. net purchases were $68,000 at cost and $124,000 at retail. beginning inventory was $32,000 at cost and $76,000 at retail method, what was the inventory at cost?
a.$24,000
b.$120,000
c.$40,000
d.$60,000