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7:57 Aa » QD P9.9 (LO 5) (Retail Inventory Method) Presented below is information related to...
P9.9 (LO 5) (Retail Inventory Method) Presented below is information related to Waveland Inc. Cost Retail Inventor...
P9.9 (LO 5) (Retail Inventory Method) Presented below is information related to Waveland Inc. Cost Retail Inventory, 12/31/20 $250,000 $ 390,000 Purchases 914,500 1,460,000 Purchase returns 60,000 80,000 Purchase discounts 18,000 Gross sales revenue (after employee discounts) 1,410,000 Sales returns 97,500 Markups 120,000 Markup cancellations 40,000 Markdowns 45,000 Markdown cancellations 20,000 Freight-in 42,000 Employee discounts granted 8,000 Loss from breakage (normal) 4.500 IIIIII 914,500 60,000 18,000 1,460,000 80,000 1,410,000 97.500 120,000 Purchases Purchase returns Purchase discounts Gross sales revenue (after...
2. Presented below is information related to EDK Inc. Retail $ 260,000 1,261,000 71,000 Cost Inventory,...
2. Presented below is information related to EDK Inc. Retail $ 260,000 1,261,000 71,000 Cost Inventory, 12/31/20 $ 165,000 Purchases 804,500 Purchase returns 45,000 Purchase discounts 12,000 Gross sales (after employee discounts) Sales returns Markups Markup cancellations Markdowns Markdown cancellations Freight-in 39,000 Employee discounts granted Loss from breakage (normal) 1,240,000 51,500 68,000 16,000 86,000 21,000 11,000 8,500 Instructions: Assuming that EDK Inc. uses the conventional retail inventory method, compute the cost of its ending inventory at December 31, 2021.
Presented below is information related to Company A Cost Retail Inventory, 12/31/17 $254,100 $386,700...
Presented below is information related to Company A Cost Retail Inventory, 12/31/17 $254,100 $386,700 Purchases 863,627 1,450,300 Purchase returns 59,400 79,600 Purchase discounts 17,900 — Gross sales revenue — 1,413,700 Sales returns — 99,400 Markups — 118,700 Markup cancellations — 40,800 Markdowns — 44,900 Markdown cancellations — 20,400 Freight-in 42,400 — Employee discounts granted — 8,000 Loss from breakage (normal) — 4,400 Assuming that Company A uses the conventional retail inventory method, compute the cost of its ending inventory at...
Presented below is information related to Bonita Inc. Retail Cost Inventory, 12/31/20 $251,300 $387,300 Purchases 962.468...
Presented below is information related to Bonita Inc. Retail Cost Inventory, 12/31/20 $251,300 $387,300 Purchases 962.468 1,455,600 Purchase returns 58,800 78,800 Purchase discounts 18,000 Gross sales revenue 1,421,800 98,300 Sales returns 117,600 Markups 40,500 Markup cancellations 45,700 Markdowns 20,200 Markdown cancellations Freight-in 41,400 Employee discounts granted 7,900 Loss from breakage (normal) 4,500 Assuming that Bonita Inc. uses the conventional retail inventory method, compute the cost of its ending inventory at December 31, 2021. (Round ratios for computational purposes to 0...
Presented below is information related to Novak Inc. Cost $252,200 816,436 59,000 18,300 Retail $383,000 1,461,200...
Presented below is information related to Novak Inc. Cost $252,200 816,436 59,000 18,300 Retail $383,000 1,461,200 80,300 Inventory, 12/31/20 Purchases Purchase returns Purchase discounts Gross sales revenue Sales returns Markups Markup cancellations Markdowns Markdown cancellations Freight-in Employee discounts granted Loss from breakage (normal) LILIT 1,406,400 98,700 121,100 39,400 44,700 20,300 42,200 8,100 4,600 Assuming that Novak Inc. uses the conventional retail inventory method, compute the cost of its ending inventory at December 31, 2021. (Round ratios for computational purposes to...
Presented below is information related to Pearl Inc. Inventory, 12/31/20 Purchases Purchase returns Purchase discounts Gross...
Presented below is information related to Pearl Inc. Inventory, 12/31/20 Purchases Purchase returns Purchase discounts Gross sales revenue Sales returns Markups Markup cancellations Markdowns Markdown cancellations Freight-in Employee discounts granted Loss from breakage (normal) Cost Retail $246,200 $394,300 951,116 1,478,700 60,000 80,300 18,300 - 1,426,200 97,300 119,800 40,700 45,800 20,000 41,500 8,100 4,600 Assuming that Pearl Inc. uses the conventional retail inventory method, compute the cost of its ending inventory at December 31, 2021. (Round ratios for computational purposes to...
Presented below is information related to Flint Inc. Inventory, 12/31/20 Purchases Purchase returns Purchase discounts Gross...
Presented below is information related to Flint Inc. Inventory, 12/31/20 Purchases Purchase returns Purchase discounts Gross sales revenue Sales returns Markups Markup cancellations Markdowns Markdown cancellations Freight-in Employee discounts granted Loss from breakage (normal) Cost Retail $251,100 $390,400 906,368 1,447,600 60,000 79,400 18,100 - 1,426,100 97,300 119,700 39,500 45,800 20,000 42,300 8,200 4,100 Assuming that Flint Inc. uses the conventional retail inventory method, compute the cost of its ending inventory at December 31, 2021. (Round ratios for computational purposes to...
Presented below is information related to Novak Inc. Cost $252,200 816,436 59,000 18,300 Retail $383,000 1,461,200...
Presented below is information related to Novak Inc. Cost $252,200 816,436 59,000 18,300 Retail $383,000 1,461,200 80,300 Inventory, 12/31/20 Purchases Purchase returns Purchase discounts Gross sales revenue Sales returns Markups Markup cancellations Markdowns Markdown cancellations Freight-in Employee discounts granted Loss from breakage (normal) 1,406,400 98,700 121,100 39,400 44,700 20,300 42,200 8,100 4,600 Assuming that Novak Inc. uses the conventional retail inventory method, compute the cost of its ending inventory at December 31, 2021. (Round ratios for computational purposes to O...
7:56 Aa a A E9.20 (LO 5) (Retail Inventory Method) Presented below is information related to...
7:56 Aa a A E9.20 (LO 5) (Retail Inventory Method) Presented below is information related to Bobby Engram Company. Retail Cost Beginning 58,000 $100,000 inventory Purchases 122,000 200,000 (net) Net 10,345 markups Net 26,135 markdowns Sales 186,000 revenue Instructions Compute the ending inventory at retail. a. b. Compute a cost-to-retail percentage (round to two decimals) under the following conditions 1. Excluding markdowns both markups and 2. Excluding markups but including markdowns. 3. Excluding markdowns but including markups 4. Including both...
Question 1 Presented below is information related to Novak Inc. Cost $252,200 816,436 59,000 18,300 Retail...
Question 1 Presented below is information related to Novak Inc. Cost $252,200 816,436 59,000 18,300 Retail $383,000 1,461,200 80,300 Inventory, 12/31/20 Purchases Purchase returns Purchase discounts Gross sales revenue Sales returns Markups Markup cancellations Markdowns Markdown cancellations Freight-in Employee discounts granted Loss from breakage (normal) TTTTT: 1,406,400 98,700 121,100 39,400 44,700 20,300 42,200 8,100 4,600 Assuming that Novak Inc. uses the conventional retail inventory method, compute the cost of its ending inventory at December 31, 2021. (Round ratios for computational...
P9.9 (LO 5) (Retail Inventory Method) Presented below is information related to Waveland Inc. Cost Retail Inventory, 12/31/20 $250,000 $ 390,000 Purchases 914,500 1,460,000 Purchase returns 60,000 80,000 Purchase discounts 18,000 Gross sales revenue (after employee discounts) 1,410,000 Sales returns 97,500 Markups 120,000 Markup cancellations 40,000 Markdowns 45,000 Markdown cancellations 20,000 Freight-in 42,000 Employee discounts granted 8,000 Loss from breakage (normal) 4.500 IIIIII 914,500 60,000 18,000 1,460,000 80,000 1,410,000 97.500 120,000 Purchases Purchase returns Purchase discounts Gross sales revenue (after...
2. Presented below is information related to EDK Inc. Retail $ 260,000 1,261,000 71,000 Cost Inventory, 12/31/20 $ 165,000 Purchases 804,500 Purchase returns 45,000 Purchase discounts 12,000 Gross sales (after employee discounts) Sales returns Markups Markup cancellations Markdowns Markdown cancellations Freight-in 39,000 Employee discounts granted Loss from breakage (normal) 1,240,000 51,500 68,000 16,000 86,000 21,000 11,000 8,500 Instructions: Assuming that EDK Inc. uses the conventional retail inventory method, compute the cost of its ending inventory at December 31, 2021.
Presented below is information related to Bonita Inc. Retail Cost Inventory, 12/31/20 $251,300 $387,300 Purchases 962.468 1,455,600 Purchase returns 58,800 78,800 Purchase discounts 18,000 Gross sales revenue 1,421,800 98,300 Sales returns 117,600 Markups 40,500 Markup cancellations 45,700 Markdowns 20,200 Markdown cancellations Freight-in 41,400 Employee discounts granted 7,900 Loss from breakage (normal) 4,500 Assuming that Bonita Inc. uses the conventional retail inventory method, compute the cost of its ending inventory at December 31, 2021. (Round ratios for computational purposes to 0...
Presented below is information related to Novak Inc. Cost $252,200 816,436 59,000 18,300 Retail $383,000 1,461,200 80,300 Inventory, 12/31/20 Purchases Purchase returns Purchase discounts Gross sales revenue Sales returns Markups Markup cancellations Markdowns Markdown cancellations Freight-in Employee discounts granted Loss from breakage (normal) LILIT 1,406,400 98,700 121,100 39,400 44,700 20,300 42,200 8,100 4,600 Assuming that Novak Inc. uses the conventional retail inventory method, compute the cost of its ending inventory at December 31, 2021. (Round ratios for computational purposes to...
Presented below is information related to Pearl Inc. Inventory, 12/31/20 Purchases Purchase returns Purchase discounts Gross sales revenue Sales returns Markups Markup cancellations Markdowns Markdown cancellations Freight-in Employee discounts granted Loss from breakage (normal) Cost Retail $246,200 $394,300 951,116 1,478,700 60,000 80,300 18,300 - 1,426,200 97,300 119,800 40,700 45,800 20,000 41,500 8,100 4,600 Assuming that Pearl Inc. uses the conventional retail inventory method, compute the cost of its ending inventory at December 31, 2021. (Round ratios for computational purposes to...
Presented below is information related to Flint Inc. Inventory, 12/31/20 Purchases Purchase returns Purchase discounts Gross sales revenue Sales returns Markups Markup cancellations Markdowns Markdown cancellations Freight-in Employee discounts granted Loss from breakage (normal) Cost Retail $251,100 $390,400 906,368 1,447,600 60,000 79,400 18,100 - 1,426,100 97,300 119,700 39,500 45,800 20,000 42,300 8,200 4,100 Assuming that Flint Inc. uses the conventional retail inventory method, compute the cost of its ending inventory at December 31, 2021. (Round ratios for computational purposes to...
Presented below is information related to Novak Inc. Cost $252,200 816,436 59,000 18,300 Retail $383,000 1,461,200 80,300 Inventory, 12/31/20 Purchases Purchase returns Purchase discounts Gross sales revenue Sales returns Markups Markup cancellations Markdowns Markdown cancellations Freight-in Employee discounts granted Loss from breakage (normal) 1,406,400 98,700 121,100 39,400 44,700 20,300 42,200 8,100 4,600 Assuming that Novak Inc. uses the conventional retail inventory method, compute the cost of its ending inventory at December 31, 2021. (Round ratios for computational purposes to O...
7:56 Aa a A E9.20 (LO 5) (Retail Inventory Method) Presented below is information related to Bobby Engram Company. Retail Cost Beginning 58,000 $100,000 inventory Purchases 122,000 200,000 (net) Net 10,345 markups Net 26,135 markdowns Sales 186,000 revenue Instructions Compute the ending inventory at retail. a. b. Compute a cost-to-retail percentage (round to two decimals) under the following conditions 1. Excluding markdowns both markups and 2. Excluding markups but including markdowns. 3. Excluding markdowns but including markups 4. Including both...
Question 1 Presented below is information related to Novak Inc. Cost $252,200 816,436 59,000 18,300 Retail $383,000 1,461,200 80,300 Inventory, 12/31/20 Purchases Purchase returns Purchase discounts Gross sales revenue Sales returns Markups Markup cancellations Markdowns Markdown cancellations Freight-in Employee discounts granted Loss from breakage (normal) TTTTT: 1,406,400 98,700 121,100 39,400 44,700 20,300 42,200 8,100 4,600 Assuming that Novak Inc. uses the conventional retail inventory method, compute the cost of its ending inventory at December 31, 2021. (Round ratios for computational...
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