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Presented below is information related to Culver Company. Retail Cost Beginning inventory $62,430 $90,900 Purchases (net) 113,840 183,000 Net markups 9,421 Net markdowns 26,181 Sales
Presented below is information related to Culver Company. Retail Cost Beginning inventory $62,430 $90,900 Purchases (net) 113,840 183,000 Net markups 9,421 Net markdowns 26,181 Sales revenue 182,600 Compute ending inventory at lower-of-cost-or-market. (Round ratio to 2 decimal places, e.g. 78.74% and final answer to O decimal places, e.g. 6,225.) Ending inventory $ eTextbook and Media Compute cost of goods sold based on (d). (Round answer to 0 decimal places, e.g. 6,225.) $ Cost of goods sold eTextbook and Media Compute gross margin based on (d). (Round answer to 0 decimal places, e.g. 6,225.) Gross margin $
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