The value of the ending inventory at cost on November 31 from the following information Imperial Imports, with the help of retail method. I m p e r i a l I m p o r t s F i n a n c i a l H i g h l i g h t s N o v e m b e r 1 - N o v e m b e r 3 0 C o s t R e t a i l Beginning Inventory, November 1 $ 137 , 211 $ 328 , 500 Net Purchases ( November ) 138 , 849 313 , 500 Net Sales ( November ) $205,400

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Chapter 16.II, Problem 3RE

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To calculate: The value of the ending inventory at cost on November 31 from the following information Imperial Imports, with the help of retail method.

Imperial ImportsFinancial HighlightsNovember 1-November 30CostRetailBeginning Inventory, November 1$137,211$328,500Net Purchases(November)138,849313,500Net Sales (November) $205,400

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