Exercise 9-20 (Part Level Submission) Part B

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Exercise 9-20 (Part Level Submission) Presented below is information related to Windsor Company. Cost Retail Beginning inventory $ 53,940 $107,000 Purchases (net) 129,370 189,700 Net markups 10,527 Net markdowns 27,056 Sales revenue 202,490 (a) Your answer is correct. Compute the ending inventory at retail. Ending inventory $ 77681 (b) 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. %