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The records of Bramble Menswear report the following data for the month of September: (a) Estimate the ending inventory using the retail inventory method. (Round
The records of Bramble Menswear report the following data for the month of September: (a) Estimate the ending inventory using the retail inventory method. (Round intermediate calculations to 2 decimal place, es 15.21% and the final answers to 0 decimal places, es. 5,275.) Ending inventory, at retail Ending inventory, at cost $ Assuming that a physical count of the inventory determined that the actual ending inventory at retail prices at the end of September was $41,800, estimate the loss due to shrinkage and theft. (Round intermediate calculations to 2 decimal places, e. 15.21% and the final answer to 0 decimal ploces, es. 5, 275.) Estimated loss due to shrinkage and theft Flint Corporation is a multi-product firm. The following information concerns one of its products, the Trinton: Calculate cost of goods sold, assuming Flint uses a periodic inventory system and weighted average cost formula. (Round welghted average cost per unit to 2 decimal places, eg. 52.75 and finol answer to 0 decimal places, es. 5,275 .) Cost of goods sold eTextbook and Media Attempts: 1 of 3 used (c) Calculate cost of goods sold, assuming Flint uses a perpetual inventory system and moving-average cost formula. (Round weighted average cost per unit to 2 decimal places, eg. 52.75 and final answer to 0 decimal places, eg. 5, 275.)
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