What is the cost complement for Adams Stationery? Calculation of Merchandise Available for Sale: Cost Method

Question:

What is the cost complement for Adams Stationery?

Calculation of Merchandise Available for Sale:

Cost Method – Beginning inventory = $75,000; Net purchases = $60,000; Transportation = $1,500; Total merchandise available for sale = $136,500.

Retail Method – Beginning inventory = $200,000; Net purchases = $55,000; Additional markups = $10,000; Total merchandise available for sale = $265,000.

a. 0.375
b. 0.471
c. 0.477
d. 0.515

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Answer rating: 100% (1 review)

Answered By

AJIN kuriakose

I have completed B.Tech in Electrical Engineering & Masters in Power & Control From one of the best universities in India. I got the 99.05 percentile in the Gate Electrical Engineering Exam. I can Help students solving assignments in Electrical subjects like Power Electronics, Control system, Analog, Network Theory & Engineering Mathematics. Clear your fundamentals and develop problem-solving skills and analytical skills to crack the exam. Get guidance and the opportunity to learn from experienced... I can provide tuition for Electrical engineering subjects (Power Electronics, Digital electronics, Network Theory, Control System & Engineering Mathematics). The toughest subject of Electrical engineering can be made simple in online classes... I can also solve it. 1 .I can help you with your assignments or exams or quiz or tutoring. 2. Very strict to the deadlines. Message me for any help in assignments, live sessions. I am here to help students for all assignments, tests and exams and I will make sure you always get _95% In your subject. Contact me in solution inn for any help in your semester, projects and for many more things . Also feel free to contact me through solution inn and for any advise related to tutoring and how it works here.thank you.

5.00+ 5+ Reviews 10+ Question Solved

Related Book For answer-question