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Flounder Shoe Store uses the retail inventory method for its two departments, Women's Shoes and Men's Shoes. The following information for each department is obtained.
Flounder Shoe Store uses the retail inventory method for its two departments, Women's Shoes and Men's Shoes. The following information for each department is obtained. Item Beginning inventory at cost Cost of goods purchased at cost Net sales Beginning inventory at retail Cost of goods purchased at retail Women's Men's Shoes Shoes $33,000 $46,500 118,470 148,890 178,000 186,000 46,500 61,500 183,000 189.000 Your answer is correct. Calculate cost-to-retail ratio. (Round answers to decimal places, e.g. 15%.) Women's Shoes Men's Shoes Cost-to-retail ratio e Textbook and Media Assistance Used - Your answer is partially correct. Compute the estimated cost of the ending inventory for eachpartment under the retail inventory method. (Round answers to O decimal places, eg. 1,250.) Wonton's Shoes Men's Shoes Estimated cost of ending inventory $ 33396.0 50310 e Textbook and Media
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