Hi,

I just need 8-9 answered please

RE8-7 LO 8.3 Uncle Butch's Hunting Supply Shop reports the following information related to inventory: Retail Cost $ 35,000 75,000 Beginning inventory Purchases Net additional markups Net markdowns Goods available for sale Sales Ending inventory at retail $ 92,000 200,000 15,000 (22,000) $ 285,000 (178,000) $ 107,000 $110,000 RE8-8 LO 8.4 RE8.9 LO 8.4 Calculate Uncle Butch's' ending inventory using the retail inventory method under the FIFO cost flow assump- tion. Round the cost-to-retail ratio to 3 decimal places. Use the information in RE8-7. Calculate Uncle Butch's Hunting Supply Shop's ending inventory using the retail inventory method under the average cost assumption. Round the cost-to-retail ratio to 3 decimal places. Use the information in RE8-7. Calculate Uncle Butch's Hunting Supply Shop's ending inventory using the retail inventory method under the LIFO cost flow assumption. Round the cost-to-retail ratio to 3 decimal places. 3 Cost-to-retail ratio (for beginning Inventory): 5 Net purchases at retail: 7 Cost-to-retail ratio (for purchases): 9 Ending Inventory at retail = 11 Ending Inventory at LIFO cost: $92,000 x0= $15,000x0= Ending Inventory