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Campbell Corporation uses the retail method to value its inventory. The following information is available for the year 2018 5 Retail Merchandise inventory, January 1,
Campbell Corporation uses the retail method to value its inventory. The following information is available for the year 2018 5 Retail Merchandise inventory, January 1, 2018 Purchases Freight-in Net markups Net markdowns Net sales $300,000 $291,000 581,000 928,009 19,000 15 points 31,000 5,000 910,000 Skipped Required Determine the December 31, 2018, inventory by applying the conventional retail method. eBook t-to Cost Retail Beginning inventory Plus: Purchases Print Freight-in Net markups Less Net markdowns Goods available for sale Cost-to-retail percentage Less Net sales Estimated ending inventory at retail Estimated ending inventory at cost naper g On January 1, 2018, the Brunswick Hat Company adopted the dollar-value LIFO retail method. The following data are available for 6 2018 st Retail Beginning inventory Net purchases Net morkups Net markdowns Net sales Retail price index, 12/31/18 $ 73,150 133,00e 113,400 257,000 8,000 13,000 224,000 1.12 15 points pped Required: Calculate the estimated ending inventory and cost of goods sold for 2018 eBook Ending inventory at retail Ending inventory at cost Cost of goods sold Print
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