Garden World uses the retail method to estimate its monthly cost of goods sold and month-end inventory. At May 31, the accounting records indicate the cost of goods available for sale during the month (beginning inventory plus purchases) totaled $500,000. These goods had been priced for resale at $860,000. Sales in May totaled $420,000. The estimated inventory at May 31 is:

$255,815

Explanation:

Resale at $860,000

Less Sales May totaled $420,000

Total $440,000

cost of goods available for sale totaled $500,000÷Resale at $860,000

=0.58139

Hence:

$440,000×0.58139

=$255,815

Therefore the estimated inventory at May 31 is: $255,815

answer; ///pegged exchange rate with the united states;

answer: b. false

the staff is a set of five horizontal lines and four spaces which represent a different musical pitch. the lines and the spaces are numbered from bottom to top, the bottom line is the first line and the fifth line is the line on the top. the notes on the top of the staff (fifth line) have a higher pitch than a note at the bottom of the staff.