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Posted this question 3 times already and every time they get it wrong can some please do it and get it right for me please.
Posted this question 3 times already and every time they get it wrong can some please do it and get it right for me please. Really important
Check my work Required information [The following information applies to the questions displayed below.) Part 1 of 2 Sparrow Company uses the retail inventory method to estimate ending inventory and cost of goods sold. Data for 2021 are as follows: 10 points Cost $ 94,000 364,000 9,400 7,400 Retail $184,000 584,000 eBook Beginning inventory Purchases Freight-in Purchase returns Net markups Net markdowns Normal spoilage Abnormal spoilage Sales Sales returns 11,400 16,400 12,400 3,400 8,400 544,000 10,400 Print 4,919 References The company records sales net of employee discounts. Employee discounts for 2021 totaled $4,400. Required: 1. Estimate Sparrow's ending inventory and cost of goods sold for the year using the retail inventory method and the average cost application. (Round Cost-to-retail percentage to 2 decimal places and final answers to the nearest whole dollar amount.) Average cost application Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold Required: 2. Estimate Sparrow's ending inventory and cost of goods sold for the year using the retail inventory method and the conventional application. (Round Cost-to-retail percentage to 2 decimal places and final answers to the nearest whole dollar amount.) Conventional application Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods soldStep by Step Solution
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