Question: 9-20 please help answer attached question, thank you! Presented below is information related to Sarasota Company. Beginning inventory Purchases (net) Net markups Cost Retail $

 9-20 please help answer attached question, thank you! Presented below is

9-20 please help answer attached question, thank you!

information related to Sarasota Company. Beginning inventory Purchases (net) Net markups Cost

Presented below is information related to Sarasota Company. Beginning inventory Purchases (net) Net markups Cost Retail $ 55,350 134,190 $105,100 199,600 9,339 Net markdowns 25,842 Sales revenue 192,900 Compute the ending inventory at retail. $ Ending inventory Compute a cost-to-retail percentage under the following conditions. (Round ratios to 2 decimal places, e.g. 78.74%) Cost-to-retail percentage (1) Excluding both markups and markdowns. % (2) Excluding markups but including markdowns. % (3) Excluding markdowns but including markups. % (4) Including both markdowns and markups. % Which of the methods in (b) above does the following? (1) Provides the most conservative estimate of ending inventory. (2) Provides an approximation of lower-of-cost-ormarket. (3) Is used in the conventional retail method. Compute ending inventory at lower-of-cost-or-market. (Round ratio to 2 decimal places, e.g. 78.74% and final answer to 0 decimal places, e.g. 6,225.) $ Ending inventory Compute cost of goods sold based on (d). (Round answer to 0 decimal places, e.g. 6,225.) $ Cost of goods sold Compute gross margin based on (d). (Round answer to 0 decimal places, e.g. 6,225.) $ Gross margin Don't show me this message again for the assignment

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