Answered step by step
Verified Expert Solution
Question
1 Approved Answer
help me help me solve both pls Question 9 of 9 Bonita Industries uses the retail inventory method for its two departments: men's shoes and
help me
help me solve both pls
Question 9 of 9 Bonita Industries uses the retail inventory method for its two departments: men's shoes and women's shoes. The following information is obtained for each department: Item Beginning inventory at cost Beginning inventory at retail Cost of goods purchased Retail price of goods purchased Men's Shoes Estimated cost of ending inventory $37,000 60,000 215,000 349,000 374,000 Men's Shoes Women's Shoes $ $43,000 85,000 322,000 564,000 529,000 Calculate the estimated cost of the ending inventory for each shoe department under the retail inventory method. (Round cost to retail ratio to 2 decimal places, e.g. 52.75 and final answers to O decimal places, e.g. 5,275.) Women's Shoes 0/10 $ !!! : Question 6 of 9 View Policies Current Attempt in Progress V Oriole Company reported the following information for a three-year period: Ending inventory Sales Cost of goods sold Profit 2021 $19,000 124,000 52,080 32,000 2020 $28,000 126,000 52,920 39,000 2019 $34,000 115,000 48,300 38,000 - / 10 !! Calculate the inventory turnover, days sales in inventory, and gross profit margin for 2021 and 2020. (Round number of days answers to O decimal places, e.g. 52. Round other answers to 2 decimal places, e.g. 52.75. Use 365 days for calculation.) Inventory turnover Days sales in inventory Gross profit margin eTextbook and Media 2021 times days % 2020 times days %Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started