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Presented below is information related to McKenna Company. Cost Retail Beginning inventory $58,000 $100,000 Purchases (net) 122,000 200,000 Net markups 20,000 Net markdowns 30,000 Sales

Presented below is information related to McKenna Company. Cost Retail Beginning inventory $58,000 $100,000 Purchases (net) 122,000 200,000 Net markups 20,000 Net markdowns 30,000 Sales 186,000 Compute the ending inventory at retail. $ Compute a cost-to-retail percentage (Round to two decimals, e.g. 12.25.) under the following conditions. Excluding both markups and markdowns. % Excluding markups but including markdowns. % Excluding markdowns but including markups. % Including both markdowns and markups. % (d) Compute ending inventory at lower-of-cost-or-market. (Round to 0 decimal places, e.g. 25,250.) $ Compute cost of goods sold based on (d). $ Compute gross margin based on (d). $

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