The average inventory at retail for The New Age Furniture Store was 2,575,350. The turnover rate at retail was 3.0, based on net sales of 7,726,050. The published inventory turnover at retail is 4.9. Since the actual turnover rate is less than the published rate, calculate the target average inventory at retail.(Round your answer to the nearest dollar)
A) 1,570,200
B) 207,400
C) 888,800
D) 1,576,745
Question 2
Morgan bought the following: 27 Wren Houses 12.00, 31 Bluebird Houses 21.50, and 17 Bird Feeders 19.75. The shipping charges were 68.00. What was the total invoice charge?
A) 2,214.50
B) 1,587.50
C) 1,394.25
D) 1,590.00
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Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.