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walmart uses the retail inventory method the following information is available for the current year. beginning inventory 78000(cost) 122,000 (retail) purchases 295000 (c) 415000(r) freight-in
walmart uses the retail inventory method the following information is available for the current year. beginning inventory 78000(cost) 122,000 (retail) purchases 295000 (c) 415000(r) freight-in 5000 (c) no retail employee discount: no cost. 2000(r) net markups: no cost 15000(retail) net markdowns: no cost 20000 retail sales: no cost. 390,000 sales Under the lower-of-cost-or market retail inventory method (conventional retail inventory method) the cost of the ending inventory is (round cost-to-retail ratio to three decimal): a. 95900 b. 102480 c. 98000 d. 94920
walmart uses the retail inventory method the following information is available for the current year.
beginning inventory 78000(cost) 122,000 (retail)
purchases 295000 (c) 415000(r)
freight-in 5000 (c) no retail
employee discount: no cost. 2000(r)
net markups: no cost 15000(retail)
net markdowns: no cost 20000 retail
sales: no cost. 390,000 sales
Under the lower-of-cost-or market retail inventory method (conventional retail inventory method) the cost of the ending inventory is (round cost-to-retail ratio to three decimal):
a. 95900
b. 102480
c. 98000
d. 94920
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