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PLEASE PLEASE PLEASE do not copy paste answers that are already in Chegg. I am askinf it again since none of those answers are correct!
PLEASE PLEASE PLEASE do not copy paste answers that are already in Chegg. I am askinf it again since none of those answers are correct! Please help ASAP. On January Pet Friendly Stores adopted the retail inventory method. Inventory transactions at both cost and retail, and cost indexes for and are as follows: Required:
Estimate the ending inventory and cost of goods sold using the average cost retail method.
Note: Round your costtoretail percentage to decimal places and round your final answers to nearest whole dollar. On January Pet Friendly Stores adopted the retail inventory method. Inventory transactions at both cost and retail,
and cost indexes for and are as follows:
Required:
Estimate the ending inventory and cost of goods sold using the conventional retail method.
Note: Round your costtoretail percentage to decimal places and round your final answers to nearest whole dollar.
tableCost,Retail,Cost,RetailBeginning inventory,$$Purchases$$Purchase returns,FreightinNet markups,,Net markdowns,,Net sales to customers,,Sales to employees net of discountNormal spoilage,,Price Index:January December December
Required:
Estimate the and ending inventory and cost of goods sold using the dollarvalue LIFO retail method.
Note: Round your costtoretail percentage calculation to decimal places ie should be and final answers to the nearest whole dollar.
tableEstimated ending inventory at retail,,Estimated ending inventory at costEstimated cost of goods sold,,
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