Don's Dairy had sales of $271,000 in the month of March. Use the retail method to estimate the value of the inventory as of March 31 given the following financial information. (Round cost ratio to four decimal places.) March 1 to March 31 COST RETAIL Beginning Inventory $241,700 $291,800 Net Purchases (March) 220,380 275,200 Goods Available for Sale $462,080 O $220,865.00 O $224,288.00 O $241,240.00 O $376,595.20

Don's Dairy had sales of $271,000 in the month of March. Use the retail method to estimate the value of the inventory as of March 31 given the following financial information. (Round cost ratio to four decimal places.) March 1 to March 31 COST RETAIL Beginning Inventory $241,700 $291,800 Net Purchases (March) 220,380 275,200 Goods Available for Sale $462,080 O $220,865.00 O $224,288.00 O $241,240.00 O $376,595.20

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter10: Inventory

Section: Chapter Questions

Problem 6EB: Bleistine Company had the following transactions for the month. Calculate the gross margin for the...

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