Cloverdale, Inc., uses the conventional retail inventory method to account for inventory. The following information relates to current year's operations: Beginning inventory and purchases Net markups Net markdowns Net sales Cost Retail $319,000 $534, eee 46,eee 36,eee 512, eee What amount should be reported as cost of goods sold for the year? Multiple Choice o $299,884 Looo $301400 $300.235 California Inc., through no fault of its own, lost an entire plant due to an earthquake on May 1, 2021. In preparing its Insurance claim on the inventory loss, the company developed the following data: Inventory January 1, 2021. $350,000, sales and purchases from January 1, 2021. to May 1, 2021 5050,000 and $925.000 respectively. California consistently reports a 35% gross profit. The estimated Inventory on May 1, 2021, is Multiple Choice 5221 $492.500 5527500 Mogul Company ships merchandise to Ski Outfit in a consignment arrangement. The arrangement specifies that Ski Outfit will attempt to sell the merchandise, and in return, Mogul will pay to Ski Outfit a 25% sales commission on any merchandise sold. During the year, Mogulships inventory with a cost of $120,000 to Ski Outfit By the end of the year. $92000 of the merchandise has been sold to customers for a total of $126,600. What amount of inventory will Mogul report at year end? Multiple Choice Mary Alice just won the lottery and is trying to decide between the options of receiving the annual cash flow payment option of $320,000 per year for 20 years beginning today, or receiving one lump sum amount today, Mary Alice can earn 4% investing this money. At what lump-sum payment amount would she be Indifferent between the two alternatives? EV of $1. PVOLS1, EVA OS1. PVA of $1. EVAD of S1 and PVAD OLS (Use appropriate factor(s) from the tables provided.) Multiple Choice $6, 400000 $4522 861 438906 4842.861