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any help would be appreciated. calculations, formula to do it would be awesome. Just so I know how to understand this stuff. Presented below is
any help would be appreciated. calculations, formula to do it would be awesome. Just so I know how to understand this stuff.
Presented below is information related to Indigo Company. Beginning inventory Purchases (net) Cost Retail $ 53,710 128,270 $107,600 189,900 Net markups 10,147 Net markdowns 24,575 Sales revenue 197,550 Don't show me this message again for the assignment Compute the ending inventory at retail. $ Ending inventory Don't show me this message again for the assignment Link to Text 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. % Don't show me this message again for the assignment Link to Text 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. Don't show me this message again for the assignmentStep by Step Solution
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