retail method accounting – Custom Nursing Help

 Chewy Candy has a beginning inventory of $1,000 with a retail value of $1,800. June purchases were $3,000, with a retail value of $4,700 and retail sales were $4,200. What is the June 30 estimated ending inventory at cost under the retail method?
a. $351
b. $949
c. $4,161
d. $1,416

 
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