Presented below is information related to Concord Company.

Exercise 9-20 Presented below is information related to Concord Company, Cost Retail $ 57,390 123,320 Beginning inventory Purchases (net) Net markups Net markdowns Sales revenue $102,500 207,100 10,382 28,742 178,230 Your answer is correct. Compute the ending inventory at retail. Ending inventory 113010 SHOW SOLUTION SHOW ANSWER LINK TO TEXT x Your answer is incorrect. Try again. LINK TO TEXT x Your answer is incorrect. Try again. Compute a cost-to-retail percentage under the following conditions. (Round ratios to 2 decimal places, e.g. Cost-to-retail percentage (1) Excluding both markups and markdowns. 46.60% X (2) Excluding markups but including markdowns. 50.31% X (3) Excluding markdowns but including markups. 45.38 || % (4) Including both markdowns and markups. 48.91 % LINK TO TEXT Your answer is correct. Which of the methods in (b) above does the following? (1) Provides the most ronservative estimate of ending Inventorv. x Your answer is incorrect. Try again. Compute ending inventory at lower-of-cost-or-market. (Round ratio to 2 decimal places, e.g. 78.74% a x Ending inventory 67704.291 LINK TO TEXT x Your answer is incorrect. Try again. Compute cost of goods sold based on (d). (Round answer to 0 decimal places, e.g. 6,225.) X Cost of goods sold 113006 LINK TO TEXT x Your answer is incorrect. Try again. Compute gross margin based on (d). (Round answer to o decimal places, e.g. 6,225.) X Your answer is incorrect. Try again. Compute cost of goods sold based on (d). (Round answer to o decimal places, e.g. 6,225.) Cost of goods sold 113006 LINK TO TEXT xYour answer is incorrect. Try again. Compute gross margin based on (d). (Round answer to 0 decimal places, e.g. 6,225.) Gross margin Click if you would like to Show Work for this question: Qren Show Work LINK TO TEXT