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Required information [The following information applies to the questions displayed below.] The Slumber Store (TSS) is a national wholesaler of beds, mattresses, pillows, and
Required information [The following information applies to the questions displayed below.] The Slumber Store (TSS) is a national wholesaler of beds, mattresses, pillows, and sheets Key totals from TSS's most recent and forecasted financial statements are presented in the table below. From the income statement Sales Revenue Cost of Goods Sold 346,500 213,500 Last Year This Year Next Year $560,000 $615,000 $770,000 405,250 556,300 209,750 213,700 From the balance sheet Last Year This Year Next Year Inventories $ 88,000 $101,808 $179,825 Gross Profit Review the following Tableau dashboard, which was created using the data forecast for next year. The Slumber Store (TSS) OO 10 20 Required information The Slumber Store (TSS) O 10 20 20 30 40 46 Average Days-to-Sell 70 Sheets Sales $80,000) Pillows Sales $40,000 < Prev Beds Sales $200,000 83 of 25 Next > Required information Ave 70 80 90 100 Sheets Sales $80,000 Pillows Sales $40,000 Mattresses Sales $450,000 Beds Sales $200,000 110 0% 10% 20% 30% 40% 50% 60% 70% 80% Average Gross Profit Percentage +ableau 7. Identify the product line most likely to require a write-down when applying the lower of cost and market/net realizable value rule.. Beds Mattresses Pillows Sheets
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