--/1 Question 4 View Policies Current Attempt in Progress Presented below is information related to Sweet Company Cost $ 58,110 121,450 Beginning inventory Purchases (net) Net markups Net markdowns Sales revenue Retail $101,500 191.400 10,171 25,358 192,300 Part 1 Compute the ending inventory at retail. Ending inventory $ e Textbook and Media Attempts: 0 of 15 used Save for Later Submit Answer Part 2 Compute a cost-to-retail percentage under the following conditions. (Round ratios to 2 decimal places, e.g. 78.74%) Cost-to-retail percentage (1) Excluding both markups and markdowns. (2) Excluding markups but including markdowns. (3) Excluding markdowns but including markups (4) Including both markdowns and markups. e Textbook and Media Attempts: 0 of 15 used Save for Later Submit Answer Part 3 Which of the methods in (b) above does the following? (1) Provides the most conservative estimate of ending inventory. (2) Provides an approximation of lower-of-cost-or-market. (3) is used in the conventional retail method. e Textbook and Media Attempts: 0 of 15 used Save for Later Submit Answer Part 4 Compute ending inventory at lower-of-cost-or-market. (Round ratio to 2 decimal places, e.g. 78.74% and final answer to O decimal places, e.g. 6,225.) Ending inventory $ e Textbook and Media Attempts: 0 of 15 used Save for Later Submit Answer Part 5 Compute cost of goods sold based on (d). (Round answer to 0 decimal places, e.g. 6,225.) Cost of goods sold $ e Textbook and Media Attempts: 0 of 15 used Save for Later Submit Answer Part 6 Compute gross margin based on (d). (Round answer to 0 decimal places, e.g. 6,225.) Gross margin $ --/1 Question 4 View Policies Current Attempt in Progress Presented below is information related to Sweet Company Cost $ 58,110 121,450 Beginning inventory Purchases (net) Net markups Net markdowns Sales revenue Retail $101,500 191.400 10,171 25,358 192,300 Part 1 Compute the ending inventory at retail. Ending inventory $ e Textbook and Media Attempts: 0 of 15 used Save for Later Submit Answer Part 2 Compute a cost-to-retail percentage under the following conditions. (Round ratios to 2 decimal places, e.g. 78.74%) Cost-to-retail percentage (1) Excluding both markups and markdowns. (2) Excluding markups but including markdowns. (3) Excluding markdowns but including markups (4) Including both markdowns and markups. e Textbook and Media Attempts: 0 of 15 used Save for Later Submit Answer Part 3 Which of the methods in (b) above does the following? (1) Provides the most conservative estimate of ending inventory. (2) Provides an approximation of lower-of-cost-or-market. (3) is used in the conventional retail method. e Textbook and Media Attempts: 0 of 15 used Save for Later Submit Answer Part 4 Compute ending inventory at lower-of-cost-or-market. (Round ratio to 2 decimal places, e.g. 78.74% and final answer to O decimal places, e.g. 6,225.) Ending inventory $ e Textbook and Media Attempts: 0 of 15 used Save for Later Submit Answer Part 5 Compute cost of goods sold based on (d). (Round answer to 0 decimal places, e.g. 6,225.) Cost of goods sold $ e Textbook and Media Attempts: 0 of 15 used Save for Later Submit Answer Part 6 Compute gross margin based on (d). (Round answer to 0 decimal places, e.g. 6,225.) Gross margin $