1. Bannister Co. has the following items:

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Beginning Balance [cost] ($300K), Purchases [cost] ($650K),

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BB [retail] ($400K), Purchases [retail] ($850K), Sales ($1.1M).

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What is Bannisters Available For Sale at cost?

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2. For #1, what is Bannisters AFS at retail?

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3. For #1, what is Bannisters Cost To Retail ratio?

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4. For #1, what is Bannisters Ending Balance @ retail?

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5. For #1, what is Bannisters Ending Balance @ cost?

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6. For #5, if Bannisters Net Realizable Value for that INV was $124K, what amount would Bannister report for its INV at on the balance sheet?