QUESTION 29 Use the information below for the following three questions: The following data is available for Kroos Company, Kroos usos retail inventory method to determine ending Inventory. Selce revenus is recorded not of employee discounts which totaled $2,000 in the year. Cost Retall Beginning Inventory 77,000 103,000 Purchases 193,000 288,000 Purchase Returns 5.000 8,000 Abnormal Spoilage 2,700 4,300 Amount ($) Amount ($) Freight-in 7,000 Markdowns 18,000 Normal Spoilage 7.800 Markdown Cancellations 6,000 Sales Returns 6,000 Markups 19,000 Sales Revenue 218,000 Markup Cancellations 9,500 W Kroos uses conventional retail inventory method, ending inventory is approximately: $103,962 $105,882 $107,110 $109,221 QUESTION 30 i Kroos uses average cost retail inventory method, anding inventory is approximately: $110,526 $112,218 $115,181 $116,745 QUESTION 31 Kroos uses LIFO retail inventory method, ending inventory (assuming all markups, markdowns and abnormal spolage are associated with purchases) is approx $109,312 $110,572 $111,089 $113,179 QUESTION 29 Use the information below for the following three questions: The following data is available for Kroos Company, Kroos usos retail inventory method to determine ending Inventory. Selce revenus is recorded not of employee discounts which totaled $2,000 in the year. Cost Retall Beginning Inventory 77,000 103,000 Purchases 193,000 288,000 Purchase Returns 5.000 8,000 Abnormal Spoilage 2,700 4,300 Amount ($) Amount ($) Freight-in 7,000 Markdowns 18,000 Normal Spoilage 7.800 Markdown Cancellations 6,000 Sales Returns 6,000 Markups 19,000 Sales Revenue 218,000 Markup Cancellations 9,500 W Kroos uses conventional retail inventory method, ending inventory is approximately: $103,962 $105,882 $107,110 $109,221 QUESTION 30 i Kroos uses average cost retail inventory method, anding inventory is approximately: $110,526 $112,218 $115,181 $116,745 QUESTION 31 Kroos uses LIFO retail inventory method, ending inventory (assuming all markups, markdowns and abnormal spolage are associated with purchases) is approx $109,312 $110,572 $111,089 $113,179