Question
Find the Cost to retail with the given information? how to get cost to retail percentage. At Cost At Retail $100,000 90,000 54,000 Sales Purchases
Find the Cost to retail with the given information? how to get cost to retail percentage.
At Cost At Retail $100,000 90,000 54,000 Sales Purchases Inventory, January 1, 2005 Net additional mark-ups Net markdowns $48,000 24,000 12,000 |6,000 (a) Under the average cost retail method (non LCM) the inventory cost on December 31, 2005 is $. (b) Under the retail method on FIFO basis, LCM, the inventory cost on December 31, 2005 is $.
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An Introduction to the Mathematics of financial Derivatives
Authors: Salih N. Neftci
2nd Edition
978-0125153928, 9780080478647, 125153929, 978-0123846822
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