ACC201 Assignments 04-18-20.xlsx - Read-Only View Comments AutoSaveFF AESU Home Insert Draw Page Layout Calibri (Body) 11 Peste B I V - 18 115 x fx Formulas AA -A Data = E Review = = P 2 Ceneral Wran Text Merge & Center O Insert Delete Format Ev 47 z Share 4 Ideas u $ -% Conditional Format Dell Sort Filter Find & Select Sensitivity Formatting a Table Styles X V Dayo's Ditali Corp. began operations late in 2019 and adopted the conventional retail method. Because there was no beginning inventory for 2019 and no markdowns during 2019, the ending inventory as of Dec. 31, 2019 was $578,660 using either the conventional retail or LIFO retail methods. At the end of 2020 Dayo wants to compare the results of applying the conventional and LIFO retail methods. The following data is available for computations: $ Cost 578,660 1,943,360 Inventory Dec. 31, 2019 2020 Purchases 2020 Net markups 2020 Net markdowns 2020 Net Sales Retail 1,250,000 4,100,000 16,000 306,490 3,772,000 2020 Price Index 102 Required: Using the conventional retail method compute the: a cost retail % for all inventory bending inventory at retail c ending inventory at cost Using the LIFO retail method compute the: d cost retail for 2020 e ending Inventory at retail f ending inventory at cost Using the Dollar-value Lito Retail method (2019 is 'Base-year') compute the E ending inventory at retail expressed in base year dollars h ending Inventory at cost _ _ _____ - --------- #1 Biff Milo AR-Bad debts #2 Courtney #3 Rot. Methods illus. Dayo Wino GP illus. LCM illus. Mondo # E #4 - Buildagood + + 125% Select destination and press ENTER or cheese Paste 2