Question: Chapter 8 HW eBook Calculator Print Item Retail Inventory Method Uncle Butch's Hunting Supply Shop reports the following information related to inventory: Cost Retail $35,000

Chapter 8 HW eBook Calculator Print Item Retail Inventory Method Uncle Butch's Hunting Supply Shop reports the following information related to inventory: Cost Retail $35,000 75,000 Beginning inventory Purchases Net additional markups Net markdowns Goods available for sale Sales Ending inventory at retail $92,000 200,000 15,000 (22,000) $285,000 (178,000) $107.000 $110,000 Calculate Uncle Butch's Hunting Supply Shop's ending inventory using the retail Inventory method under the LIFO cost flow assumption. Round the cost-to-retail ratio to 3 decimal place Check My Work Previous Next A ? tv EPIC 200

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