I don't know how to do these. If someone could help me out I would appreciate it.

Use for 8-11 ROUND ALL PERCENTAGES TO TWO DECIMALS FOR EX: 43.23%

The following data concerning the retail inventory method are taken from the financial records of Blake Company

Cost Retail

Beginning inventory $136,500 $ 195,000

Purchases 346,500 495,000

Freight-in 11,000

Net markups 18,000

Net markdowns 10,000

Sales 535,000

8. What is the ending inventory at retail?

9.If the ending inventory is to be valued at approximately the conventional retail inventory method, the calculation of the cost to retail ratio should be based on goods available for sale at: (a) cost(dollar amount) and (b) retail(dollar amount).

10. What is the cost of ending inventory using the FIFO, LCNRV method?

11. What is the cost of ending inventory using the LIFO Retail Method?

12. Bane Company, which uses the retail LIFO method to determine inventory cost, has provided the following information for 2018:

Cost Retail

Inventory, 1/1/18 $ 282,000 $420,000

Net purchases 1,134,000 1,686,000

Net markups 204,000

Net markdowns 90,000

Net sales 1,590,000

What is the cost of Banes inventory at December 31, 2018?

13. Data for Mindon Corporation is:

1/1/2016 inventory $ 54,000

12/31/2016 87,000

Cost of goods purchased 335,000

What is the average days to sell inventory?

14. At a lump-sum cost of $83,000, Pratt Company recently purchased the following items for resale:

Item No. of Items Purchased Resale Price Per Unit

M 4,000 $2.75

N 2,000 10.00

O 6,000 4.00

What is the appropriate cost per unit of M, N and O?