Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 13, 2024

PLease how steps how they got 34463 and why i got it wrong Andee Company uses the conventional retail inventory method. Cost Retail Beginning Inventory

PLease how steps how they got 34463 and why i got it wrong
Andee Company uses the conventional retail inventory method. Cost Retail Beginning Inventory $10233 $25260 Net Purchases $50000 $115015 Freight-In Net Markups Net Markdown Spoilage Theft Employee Discounts Sales $2355 $5580 $22561 $300 $10906 $1377 $30398 What is the value of ending inventory at cost? Do not round your cost to retail ratio -leave all the decimals in your calculator or excel model. Round your final answer to the nearest whole number. 40767.0000 34463.0 margin of error +/- 5.0

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions

Question

Discussion: What do you think are some of the key benefits of the adoption of open science practices such as pre-registration and the sharing of raw data and research materials? Can you identify any...

Answered: 1 week ago

Question

★★★★★

Tohono Companys 2013 master budget included the following fixed budget report. It is based on an expected production and sales volume of 20,000 units. Required 1. Classify all items listed in the...

Answered: 1 week ago

Question

★★★★★

The following account balances were selected from the records of Blake Corporation at December 31, year 2, after all adjusting entries were completed: Common shares (no par value; authorized 102,000...

Answered: 1 week ago

Question

★★★★★

Cities have tended to grow where: Question 3 options: Transportation modes intersect or change. Transportation is uninterrupted There is ample land and energy There is demand for economic goods

Answered: 1 week ago

Question

★★★★★

D Question 6 Consider the given function: f(x) = sin (2) (2+7) 5x+2 -2 - if x T if 2 Answered: 1 week ago

Answered: 1 week ago

Question

★★★★★

1. Create a disruptive innovation for your healthcare organization. 2. Outline the core competitive dimensions that make your new service or product unique. 3. Discuss long-term sustainable...

Answered: 1 week ago

Question

★★★★★

PLEASE ANSWER PROBLEM 3. IT HAS 15 QUESTIONS Introduction to Cost Accounting and Cost Accounting Cycle 7. Utility costs were incurred in the factory, P450,000. 8. Advertising costs paid, P2,250,000....

Answered: 1 week ago

Question

★★★★★

Identifies process strategies most useful for a window manufacture by using the tools of process analysis. Then Identify recent advances in production technology that would be useful in the window...

Answered: 1 week ago

Question

★★★★★

Mini-Case B (7 marks) Like every Canadian couple, Amira and Owen carry quite a lot of debt. . Three years ago, Amira purchased a Subaru Outback costing $34,750 before sales tax of 15%, with a $5,000...

Answered: 1 week ago

Previous Question Next Question