Question: ACC 113 Project 1D The retail inventory method is used by The Bronx Company. Inventory, purchases, and sales data for 2016 are as follows: Cost

follows: Cost Retail $40,000 $26,000 135,400313,800 5,000 6,000 Beginning Inventory Purchases Purchases

ACC 113 Project 1D The retail inventory method is used by The Bronx Company. Inventory, purchases, and sales data for 2016 are as follows: Cost Retail $40,000 $26,000 135,400313,800 5,000 6,000 Beginning Inventory Purchases Purchases Returns and Allowances Freight-in Net Markups Net Markdowns Net Sales 11,000 29,000 11,000 219,000 inventory method, alculate the Lower of Average-Cost or- Market of the Bronx Company's ending inventory. (Da enter your answers with commas.) Cost Retail Cost-to-Retail Ratio

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