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Presented below is information related to Sweet Company Cost $53,760 Retail $107,700 204.800 9,605 Beginning inventory Purchases (net) Net markups Net markdowns Sales revenue 119,400
Presented below is information related to Sweet Company Cost $53,760 Retail $107,700 204.800 9,605 Beginning inventory Purchases (net) Net markups Net markdowns Sales revenue 119,400 26,513 175,600 (a) Your answer is correct. Compute the ending inventory at retail. Ending inventory $ 119992 eTextbook and Media Attempts: 1 of 3 used (b) Compute a cost-to-retail percentage under the following conditions. (Round ratios to 2 decimal places, eg. 78.74%) Cost-to-retail percentage (1) Excluding both markups and markdowns. 96 (2) Excluding markups but including markdowns. %6 (3) Excluding markdowns but including markups. 96 (4) Including both markdowns and markups. 96 eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer (c) (d) * Your answer is incorrect. Compute ending inventory at lower-of-cost-or-market. (Round ratio to 2 decimal places, eg. 78.74% and final answer to decimal places, eg. 6,225.) Ending inventory $ 70293 e Textbook and Media Save for Later Attempts: 2 of 3 used Submit
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