Q24. Canon Company

Canon Company uses the conventional retail inventory method. What is the value of ending inventory at retail? Do not round your cost to retail ratio - leave all the decimals in your calculator or excel model. Round your final answer to the nearest whole number. The 2021 financial statements of Sito Company reported a beginning inventory of $54,822, an ending inventory of $48,465, and cost of goods sold of \$407,453 for the year. Sito's inventory tumover ratio for 2021 is fonly round your final answer to one decimal place, do not round any intermediate calculations) Question 22 1 pts Beginning inventory =$30,619 Purchases =$216,372 Sales =$313,663 Markup on Cost (Profit as a percentage of cost) =56% Provide an estimate for cost of goods sold. Question 23 1 pts Beginning inventory =$32,394 Purchases $$212,942 Sales =$307,489 Markup on Cost (Profit as a percentage of cost) =51% Provide an estimate for the ending inventory value