At Cost At Retail $ $ 93,750 20.000 1,731,250 Petcetera had a robbery on the weekend in which a large amount of inventory wasta covered completely by insurance. A physical inventory count determined that the cost nade successive purchases of the product as follows: that totalled $1,675,800, prepare a se cost and at retail. Problem 6-15A Retail inventory method L06 CHECK FIGURE: 2. $76,875 merchandise is $58,500. The following additional information is available: 75,000 Beginning merchandise inventory ..... 15,000 Purchase returns and allowances.... 1,275,000 Purchases...... 18,750 Transportation-in.. Sales.... 1,642,500 Sales returns and allowances. 18,000 Required 1. Prepare an estimate of ending merchandise inventory using the retail method. 2. Calculate the cost of the stolen inventory. Problem 6-16A Inventory ratios L07 sing the Indigo financial statements in Appendix III, calculate the face wing ratios Iarch 29, 2014 and March 30, 2013. Comment on the change and cons or whether the iven the nature of the company's operations. a. Inventory turnover ratio (Round to two decimal places) b. Days sales in inventory (Round to the nearest day) Froblem 6-17A Alternative cost flows-periodic L08 ECK FIGURES: 2. Cost of goods sold; a. $1,191,500; b. $1,231,250 nergy Company began 2017 with 19,000 units of Product X in its inventory that cos Mar. 7 May 25 26,000 units 31,000 units 21 500 units @ $ 9.00 each @ $11.00 each $12.00 each Aug. At Cost At Retail $ $ 93,750 20.000 1,731,250 Petcetera had a robbery on the weekend in which a large amount of inventory wasta covered completely by insurance. A physical inventory count determined that the cost nade successive purchases of the product as follows: that totalled $1,675,800, prepare a se cost and at retail. Problem 6-15A Retail inventory method L06 CHECK FIGURE: 2. $76,875 merchandise is $58,500. The following additional information is available: 75,000 Beginning merchandise inventory ..... 15,000 Purchase returns and allowances.... 1,275,000 Purchases...... 18,750 Transportation-in.. Sales.... 1,642,500 Sales returns and allowances. 18,000 Required 1. Prepare an estimate of ending merchandise inventory using the retail method. 2. Calculate the cost of the stolen inventory. Problem 6-16A Inventory ratios L07 sing the Indigo financial statements in Appendix III, calculate the face wing ratios Iarch 29, 2014 and March 30, 2013. Comment on the change and cons or whether the iven the nature of the company's operations. a. Inventory turnover ratio (Round to two decimal places) b. Days sales in inventory (Round to the nearest day) Froblem 6-17A Alternative cost flows-periodic L08 ECK FIGURES: 2. Cost of goods sold; a. $1,191,500; b. $1,231,250 nergy Company began 2017 with 19,000 units of Product X in its inventory that cos Mar. 7 May 25 26,000 units 31,000 units 21 500 units @ $ 9.00 each @ $11.00 each $12.00 each Aug
