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please answer my question /1 Question 10 Current Attempt in Progress Bona industries uses the real inventory method for its two departments merr's shoes and
please answer my question
/1 Question 10 Current Attempt in Progress Bona industries uses the real inventory method for its two departments merr's shoes and women's shoes. The following information is obtained for each department: Mens Shoes Women's Shoes Beginning wentary at cost $37.000 $45,000 Beginning inventory a retail 57.000 R8 000 Cost of goods purchased 218.000 319.000 Retail price of goods purchased 358,000 561.000 Net Sales 373,000 529.000 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, eg 52.75 and finanswers to decimal places... 5.275J Men's Shoes Women's Shoes Estimated cost of ending inventory $ $ eTextbook and Media Attempts: 0 of 3 used hop Show Attempt History Current Attempt in Progress Cullumber Company has the following cost and net realizable value data at December 31, 2021 Net Realizable Value Inventory Categories Cost Personal computers $24,000 $21,500 Servers 18,800 19,500 Total solution printers 10.000 7,200 X Your answer is incorrect Calculate the lower of cost and net realizable value valuation assuming Cullumber Company applies LCNRV to individual products. Lower of cost and net realirable value s 50000 e Textbook and Media List of Accounts hp Your answer is partially correct What adjustment should the company record if it uses a perpetual inventory system? (Credit account titles are automatically indented when the amount is an anet Indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit perpetual inventory 50000 Accounts Payable 50000 To record adjustment to cost of goods sold.) e Textbook and Media List of Accounts Attempt of usedStep by Step Solution
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