Business, 06.12.2019 03:31 memos5502

Your answer is incorrect. try again. grouper company began operations late in 2019 and adopted the conventional retail inventory method. because there was no beginning inventory for 2019 and no markdowns during 2019, the ending inventory for 2019 was $12,977 under both the conventional retail method and the lifo retail method. at the end of 2020, management wants to compare the results of applying the conventional and lifo retail methods. there was no change in the price level during 2020. the following data are available for computations. cost $12,977 inventory, january 1, 2020 sales revenue net markups net markdowns purchases freight-in estimated theft retail $18,400 80,000 9,000 1,600 86,700 62,100 15,062 2,200 compute the cost of the 2020 ending inventory under both: (a) the conventional retail method. (round ratios for computational purposes to 0 decimal places, e. g. 78% and final answer to 0 decimal places, e. g. 28,987.) ending inventory using the conventional retail method (b) the lifo retail method. (round ratios for computational purposes to 0 decimal places, e. g. 78% and final answers to 0 decimal places, e. g. 28,987.) ending inventory at cost ending inventory at retail

Answers: 1

Show answers

Other questions on the subject: Business

Business, 21.06.2019 20:20, larry2929

The 2016 financial statements of the new york times company reveal average shareholders’ equity attributable to controlling interest of $837,283 thousand, net operating profit after tax of $48,032 thousand, net income attributable to the new york times company of $29,068 thousand, and average net operating assets of $354,414 thousand. the company's return on net operating assets (rnoa) for the year is: select one: a. 3.5% b. 6.9% c. 13.6% d. 18.7% e. there is not enough information to calculate the ratio.

Answers: 1

continue

Business, 22.06.2019 10:00, makennskyee1198

Carrie works at a canned food production factory. the government wanted to give a boost to the salt industry, so it lined up numerous subsidies and tax exemptions for the sector. this lead to a decrease in production costs. this also meant that consumers could access canned foods at a lower price, which lead to an increase in demand for the product. which kind of economic system is carrie’s company dealing with? carrie’s company is dealing with a/an economy.

Answers: 2

continue

Business, 22.06.2019 12:10, FARHAN14082000

This exercise illustrates that poor quality can affect schedules and costs. a manufacturing process has 130 customer orders to fill. each order requires one component part that is purchased from a supplier. however, typically, 3% of the components are identified as defective, and the components can be assumed to be independent. (a) if the manufacturer stocks 130 components, what is the probability that the 130 orders can be filled without reordering components? (b) if the manufacturer stocks 132 components, what is the probability that the 130 orders can be filled without reordering components? (c) if the manufacturer stocks 135 components, what is the probability that the 130 orders can be filled without reordering components?

Answers: 3

continue

Business, 22.06.2019 18:10, salvadorperez26

Find the zeros of the polynomial 5 x square + 12 x + 7 by factorization method and verify the relation between zeros and coefficient of the polynomials

Answers: 1

continue

You know the right answer?

Your answer is incorrect. try again. grouper company began operations late in 2019 and adopted the c...