Harry Gavos Mens Clothier's, Inc., states in the accounting policies sections of their Form 10K that they use the conventional retail inventory method to estimate ending inventory for its monthly financial statements. They also categorize information in their ERP system by department. The following data pertain to a single department for the month of October 2021: Description Inventory, October 1, 2021 Purchases (exclusive of freight and returns) Freight-in Purchase returns Additional markups Markup cancellations Markdowns (net) Normal spoilage and breakage Sales Sales returns 1. What are goods available for sale at retail (including net markdowns)? Use the following format for numerical answers: 1,234 Use the following format for cost-to-retail %: 12.34% (round to two decimal places) 2. What is the cost-to-retail percentage? 3. What is estimated ending inventory at cost? Cost 4. What is cost of goods sold? $14,000 90,584 4,500 1,500 Retail $24,000 140,500 2,200 1,900 200 740 3,900 135,650 5.920

Harry Gavos Mens Elothier's, Inc., states in the accounting policies sections of their Form 10K that they use the conventional retail inventory method to estimate ending inventory for its monthly financial statements. They also categorize information in their ERP system by department. The following data pertain to a single department for the month of October 2021: Use the following format for numerical answers: 1,234 Use the following format for cost-to-retail \%: 12.34% (round to two decimal places) 1. What are goods available for sale at retail (including net markdowns)? 2. What is the cost-to-retail percentage: 3. What is estimated ending inventory at cost? 4. What is cost of goods sold