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Presented below is information related to Headland Company. Cost $ 56,460 117,980 Beginning inventory Purchases (net) Net markups Net markdowns Sales revenue Retail $98,600 185,700
Presented below is information related to Headland Company. Cost $ 56,460 117,980 Beginning inventory Purchases (net) Net markups Net markdowns Sales revenue Retail $98,600 185,700 9,327 24,290 194,570 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. 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 s LINK TO TEXT Compute cost of goods sold based on (d). (Round answer to 0 decimal places, e.g. 6,225.) Cost of goods sold LINK TO TEXT Compute gross margin based on (d). (Round answer to 0 decimal places, e.g. 6,225.) Gross marging Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT
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