FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please show all work In 2015, Dakota Company had net sales (at retail) of S135.000 The above additional information is available from its records at

image text in transcribed
Please show all work
In 2015, Dakota Company had net sales (at retail) of S135.000 The above additional information is available from its records at the end of 2015. Use the retail inventory method to estimate Dakota's 2015 ending inventory at cost. (Round cost ratio to the nearest whole percentage.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The TL 9000 Guide For Auditors

The TL 9000 Guide For Auditors

Authors: Mark Kempf

1st Edition

087389510X, 978-0873895101

More Books

Students also viewed these Accounting questions

Question

★★★★★
Stockholders equity section of Erich Corporations balance sheet on December 31, 2010, follow. Contributed capital Common stock , $2 par value, 500,000 shares authorized, 400,000 shares issued and...

Answered: 1 week ago

Question

★★★★★
Dremel sells a high speed rotary tool appropriate for many workshop projects. They have developed hundreds of accessories and bits for their tools for many different applications. Why is the markup...

Answered: 1 week ago

Question

★★★★★
10.67 Roethlisberger and Rodgers Quarterbacks not only need to have a good passing percentage, but they need to be consistent. That is, the variability in the number of passes completed per game...

Answered: 1 week ago

Question

★★★★★
1.What is the shortest amount of time for a customer to receive a pizza if there are no other products in the queue? 2. How many orders can you start and deliver in 1 hour if only one of you is...

Answered: 1 week ago

Question

★★★★★
Write a method boolean perfectSquare(int n) that returns true if n is a perfect square. You may not use Math.sqrt and the runtime must be O(logn). Using this hint: Binary search to try to find a...

Answered: 1 week ago

Question

★★★★★
How do the multiple levels of the legal system lead to conflicts in law?How do policy leaders use the multiple levels of the legal system to support or defend their positions on controversial legal...

Answered: 1 week ago

Question

★★★★★
1.) (20 pts) Jobs arrive to a two-station serial line at a rate of 2 jobs per hour with deterministic inter- arrival times. Station 1 has one machine which requires exactly 29 minutes to process a...

Answered: 1 week ago

Question

★★★★★
Salubrity Plus is a medical equipment supply company with offices and retail locations in Ontario and Qubec. The organization started operations in 2005 and currently has an approximate annual...

Answered: 1 week ago

Question

★★★★★
A vendor for your part casting claims they redeveloped the casting alloy with less tensile variability. The vendor claims that the new material will show a 20 of 10, 95% of the time. A six sample...

Answered: 1 week ago

Question

★★★★★
The following accounts and their balances appear in the general ledger of NEWBERRY PROPERTIES INC. on June 30, 2017: Preferred stock, 2%, $75 par...........................................1,350,000...

Answered: 1 week ago

Question

★★★★★
Problem 11: The principal stresses at a point in a solid: = 60 MPa, = 35 MPa, 3 = 15 MPa Obtain (a) the maximum shearing stress and (b) the normal and shearing stresses on the octahedral plane.

Answered: 1 week ago

Question

★★★★★
B Who is responsible for developing a shared code when coaches and players speak different languages? How might the rules of communication be worked out between individuals who speak different...

Answered: 1 week ago

Question

★★★★★
Define goals in terms of problems to be solved (for example, Our goal is to raise $4,000 to beautify Dixon Park), not values to be embodied (Our goal is to be good citizens of this community)....

Answered: 1 week ago

Question

★★★★★
What group are you spending most of your time in these days? What type of communication network exists in the group? Is that network helping the group achieve its goals? If not, what changes might...

Answered: 1 week ago

Previous Question Next Question