e Page - Summer 2020 11 es/47689/assignments/5327187 Presented below is information related to Concord Company. Cost Retail Beginning inventory $224,728 $281,000 Purchases 1,385,000 2,156,000 Markups 93,800 Markup cancellations 15,600 Markdowns 37.900 Markdown cancellations 4,500 Sales revenue 2,192,000 Compute the inventory by the conventional retail inventory method. (Round ratios for compu final answer to decimal places, e.g. 28,987.) Ending inventory using conventional retail inventory method $ e Textbook and Media Save for Later courses/47689/assignments/5327187 View Policies Current Attempt in Progress During 2020, Sage Furniture Company purchases a carload of wicker chairs. The manufacturer sells th $149,625 because it is discontinuing manufacturing operations and wishes to dispose of its entire stoc the carload. The three types and the estimated selling price for each are listed below. Estimated Selling Price Each Type No. of Chairs Lounge chairs 1.000 $90 Armchairs 750 80 Straight chairs 1.750 50 During 2020, Sage sells 500 lounge chairs, 250 armchairs, and 300 straight chairs. What is the amount of gross profit realized during 2020? What is the amount of inventory of unsold straig (Round cost per chair to 2 decimal places, eg. 78.25 and final answer to decimal places, eg. 5,845.) Gross profit realized during 2020 $ Amount of inventory of unsold straight chairs $ Textbook and Media e Page - Summer 2020 11 es/47689/assignments/5327187 Presented below is information related to Concord Company. Cost Retail Beginning inventory $224,728 $281,000 Purchases 1,385,000 2,156,000 Markups 93,800 Markup cancellations 15,600 Markdowns 37.900 Markdown cancellations 4,500 Sales revenue 2,192,000 Compute the inventory by the conventional retail inventory method. (Round ratios for compu final answer to decimal places, e.g. 28,987.) Ending inventory using conventional retail inventory method $ e Textbook and Media Save for Later courses/47689/assignments/5327187 View Policies Current Attempt in Progress During 2020, Sage Furniture Company purchases a carload of wicker chairs. The manufacturer sells th $149,625 because it is discontinuing manufacturing operations and wishes to dispose of its entire stoc the carload. The three types and the estimated selling price for each are listed below. Estimated Selling Price Each Type No. of Chairs Lounge chairs 1.000 $90 Armchairs 750 80 Straight chairs 1.750 50 During 2020, Sage sells 500 lounge chairs, 250 armchairs, and 300 straight chairs. What is the amount of gross profit realized during 2020? What is the amount of inventory of unsold straig (Round cost per chair to 2 decimal places, eg. 78.25 and final answer to decimal places, eg. 5,845.) Gross profit realized during 2020 $ Amount of inventory of unsold straight chairs $ Textbook and Media
