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Presented below is information related to Wildhorse Company. Retail Beginning inventory 63,170 $102,900 181,500 10,524 27,048 192,550 124,370 Net markups Net markdowns Sales revenue Compute the ending inventory at retail Ending inventory LENK TO TEXT Compute a cost-to-retail percentage under the following conditions. (Round ratios to 2 decimal places, eg. 78.74%) Cost-to-retail percentage (1) Excluding both markups and markdowns. (2) Excluding markups but including markdowns. (3) Excluding markdowns but including markups.

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(1) Excluding both markups and markdowns (2) Excluding rnarkups but including rnarklewr1% (3) Excluding markdowns but includi

Model : 1 Cost - to Cost Retail retail ratio 63,170 1,02,900 Beginning inventory Plus: Purchases (net) Goods available for sale 1.24370 181,500 1,87.540 2,84,400 Cost-to-retail percentage 65.94 Less: Net sales Estimated ending inventory at retail Estimated ending inventory at cost 1,92,550 91,850 60565.89 Note: Cost of retail percentages (187,540 / 284,400 ) * 100-65.94% Estimated ending inventory at cost-91,850 * 65.94%-60,565.89

Model 2 Cost - to - Cost Retail retail ratio Beginning invento Plus: Purchases 63,170 1,24,370 ,02,900 1,81,500 2,84,400 Less

Model3 Cost - to - retail ratio Cost Retail 1,02,900 1,81,500 10,524 2,94,924 63,170 1,24,370 Beginning invento Plus: Purchases Net Markups Goods available for sale 1,87,540 Cost-to-retail percentage 63.59 Less: Net sales 1,92,550 1,02,374 Estimated ending inventory at retail Estimated ending inventory at cost 65099.63 Note: Cost of retail percentage (187,540 / 294,924)*100-63.59% Estimated ending inventory at cost 102,374* 63.59% 65099.63

Model 4 Cost - to - Cost Retail retail ratio Beginning invento Plus: Purchases Net Mark up 63,1701,02,900 1,81,500 10,524 2,94,924 1,24,370 Less: Net mark downs Goods available for sale 27,048 2,67,876 1,87,540 Cost-to-retail percentage 70.01 Less: Net sales Estimated ending inventory at retail Estimated ending inventory at cost 1,92,550 75,326 52735.73 Note: Cost of retail percentage : ( 187,540 / 267,879) * 100-70.01% Estimated ending inventory at cost 75,326 * 70.01% 52,735.73

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