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Presented below is information related to Carla Company. Cost $ 58,110 121,450 Beginning inventory Purchases (net) Net markups Net markdowns Sales revenue Retail $101,500 191,400

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Presented below is information related to Carla Company. Cost $ 58,110 121,450 Beginning inventory Purchases (net) Net markups Net markdowns Sales revenue Retail $101,500 191,400 10,171 25,358 192,300 Compute the ending inventory at retail. Ending inventory s LINK TO TEXT Compute a cost-to-retail percentage under the following conditions. (Round ratios to 2 decimal places, e.g. 78.74%) Cost-to-retail percentage (1) Excluding both markups and markdowns. (2) Excluding markups but including markdowns. (3) Excluding markdowns but including markups. (4) Including both markdowns and markups. Which of the methods in (b) above does the following? (1) Provides the most conservative estimate of ending inventory. (2) Provides an approximation of lower-of-cost-or-market. (3) Is used in the conventional retail method. LINK TO TEXT Compute ending inventory at lower-of-cost-or-market. (Round ratio to 2 decimal places, e.g. 78.74% and final answer to 0 decimal places, e.g. 6,225.) Ending inventory LINK TO TEXT Compute cost of goods sold based on (d). (Round answer to 0 decimal places, e.g. 6,225.) Cost of goods solds LINK TO TEXT Compute gross margin based on (d). (Round answer to 0 decimal places, e.g. 6,225.) Gross margin

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