Garrison company uses the retail method of inventory costing. it started the year with an inventory that had a retail cost of $45,000. during the year, garrison purchased an inventory with a retail sales value of $300,000. after performing a physical inventory, garrison calculated the inventory at retail to be $80,000. the markup is 100% of cost. determine the ending inventory at its estimated cost.

The answer is $40000.

Step-by-step explanation:

The inventory that had a retail cost of $45,000.

During the year, Garrison purchased an inventory with a retail sales value of $300,000.

Garrison calculated the inventory at retail to be $80,000.

The markup is 100% of cost.

This means the cost is doubled.

The actual inventory is dollars

Therefore, the ending inventory at its estimated cost is $40,000.

1.3

step-by-step explanation:

3x2=6   9x+6

bring down the 6 on both sides

6+6=12

12= 9x

divide by 9

12/9 =

1.3 =x

35-60 students are taking math.