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please solve this! Suppose Feitran Jack, the specialty retailer, had these records for ladies' evening gowns during 2020 . (Click icon to view records.) Assume
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Suppose Feitran Jack, the specialty retailer, had these records for ladies' evening gowns during 2020 . (Click icon to view records.) Assume sale of evering powns totaled 127 units during 2020 and that Reitman uses the weight-average-cost method under the periodic inventsry system to account for inventory. The inceme tax rate is 30%. Requirements 1. Compute Reitman's cost of goods sold for evening gowns in 2020 . 2. Campute what cost of goods sold would have been if Reitman had purchased encugh inventary in December-at $1,600 par evering gownat the beginning of the year, 28 units. Requirement 1. Compute Reitman's cost of goods sold for evening gowns in 2020. (Reund all interim calculations to the nearest whole dollar. Round your answer to the nearest whole doliar.) The cost of goods sold is 3 Requirement 2. Compute what cost of goods sold would have been if Roitman had purchased anough invertory in Decenber-at 31,600 per evening gown-to keep year-end inventary at the same level If was at the beginning of the year, 28 unts. The cost of goods with the new units would be 1 Accounting records Step by Step Solution
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