Dakota Company had net sales (at retail) of $142,000. Beginning inventory Cost of goods purchased At...

 

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Dakota Company had net sales (at retail) of $142,000. Beginning inventory Cost of goods purchased At Cost At Retail $33,100 $65,400 54,350 99,600 The above additional information is available from its records. Use the retail inventory method to estimate Dakota's year-end inventory at cost. (Round cost ratio to the nearest whole percentage.) Beginning inventory Cost of goods purchased Cost of goods available for sale Net sales at retail Ending inventory S S At Cost 33,100 54,350 87,450 Cost-to-Retail Ratio $ At Retail $ 65,400 99,600 165,000 Dakota Company had net sales (at retail) of $142,000. Beginning inventory Cost of goods purchased At Cost At Retail $33,100 $65,400 54,350 99,600 The above additional information is available from its records. Use the retail inventory method to estimate Dakota's year-end inventory at cost. (Round cost ratio to the nearest whole percentage.) Beginning inventory Cost of goods purchased Cost of goods available for sale Net sales at retail Ending inventory S S At Cost 33,100 54,350 87,450 Cost-to-Retail Ratio $ At Retail $ 65,400 99,600 165,000

Answer rating: 100% (QA)

At cost cost to retail ratio At Retail 33100 65400 Beginning ... View the full answer