Question: Check my wo Beginning inventory Net purchases Net markups Net markdowns Net sales Cost Retail $260,000 $365,000 760.000 934,600 18,000 2,099 912,000 Required: Complete the
Check my wo Beginning inventory Net purchases Net markups Net markdowns Net sales Cost Retail $260,000 $365,000 760.000 934,600 18,000 2,099 912,000 Required: Complete the table below to estimate the LIFO cost of ending inventory and cost of goods sold for the three months ending March 31, 2021, using the information provided Assume stable retail prices during the period. (Round ratio calculation to 2 decimal places (ie, 0.1234 should be entered as 12.34%). Enter amounts to be deducted with a minus sign) ances Cost 260.000 $ 760,000 Beginning inventory Net purchases Netmarkups Netmarkdowns Goods avatle for sale (excluding beg. Inventory) Goods available for sale including begwventory) Retail Cost to Rota Ratio 365.000 934,000 18,000 2.000 950 000 1315.000 0 760,000 1 020 000 Colortall percentage beginning Cost to coal percentagem 71231 00 000 Activate Window
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
