Retall Inventory Method Unde Butch's Hunting Supply Shop reports the following information related to inventory CostRetail Beginning inventory Purchases Net additional markups Net markdowns 35,000 $92,000 75,000 200,000 -15,000 (22,000) Goods available for sale $10,000 5 Sales (178,000) Ending inventory at retail 107,000 Calculate Undle Butch's Hunting Supply Shop's ending inventory using the retail inventory method under the average cost assumption. Round the cost-to-retail ratio to 3 decimal pla 38,339 X Check My Work A company using the retail method performs the following steps 1. Compute the total goods available for sale at both cost and re value. The following table will help you organize the information. Cost Retail Beginning inventory Retail Inventory Method unde Butch's Hunting Supply Shop reports the fellowing information related to inventory: CostRetail Beginning inventory Purchases Net additional markups Net markdowns Goods available for sale Sales Ending inventory at retail $ 35,000 92,000 75,000 200,000 15,000 -(22,000) 110,000 285,000 (178,000) $ 107,000 Calolate Unde Butch's Hunting Supply Shop's ending Inventory using the retal Inventory method under the LIFO cost flow assumption. Round the cost to-retail ratio to 3 decimal places 0,829 X Fendback Check My A company using the retail method performs the following steps 1. Compute the total goods available for sale at both cost and retail value. The following table will help you organize the information. Cost Retail Beginning inventory Retail Inventory Method Undle Butch's Hunting Supply Shop reports the following information related to inventory Cost Retail Beginning inventory Purchases Net additional markups Net markdowns Goods available for sale Sales Ending inventory at retail Calaiate Unde Butch's mrting Supply Shop's ending nventory using the retail inventory method under the lower of average cost or market assumption. Round the cost to retail ratio to 3 decimal places. $ 35,000 92,000 7.000 200.000 15,000 (22,000) $110,000 285,000 (178,000) $ 107,000 41,298 X Feedback A company using the retail method performs the following steps: 1. Compute the total goods available for sale at both cost and retail value. The following table will help you organize the information Cost Retail