Question
Good Morning, I need some help with this question Presented below is information related to Headland Company. Cost Retail Beginning inventory$61,600$107,300Purchases (net)120,170180,700Net markups10,325Net markdowns26,679Sales revenue187,090
Good Morning, I need some help with this question
Presented below is information related to Headland Company.
Cost
Retail
Beginning inventory$61,600$107,300Purchases (net)120,170180,700Net markups10,325Net markdowns26,679Sales revenue187,090
Compute the ending inventory at retail.
Ending inventory$
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Compute a cost-to-retail percentage under the following conditions.(Round ratios to 2 decimal places, e.g. 78.74%)
Cost-to-retail percentage
(1)Excluding both markups and markdowns.
%(2)Excluding markups but including markdowns.
%(3)Excluding markdowns but including markups.
%(4)Including both markdowns and markups.
%
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