Question: Need help calculating estimated ending inventory at cost for the first two pictures and need help for the last pic too and if i am



Need help calculating estimated ending inventory at cost for the first two pictures and need help for the last pic too and if i am missing anything, let me know!
Raleigh Department Store uses the conventional retail method for the year ended December 31, 2019. Available Information follows: a. The Inventory at January 1, 2019, had a retail value of $50,000 and a cost of $36,200 based on the conventional retail method. b. Transactions during 2019 were as follows: Cost $333,900 6,480 5,500 Retail $540,880 15,000 Gross purchases Purchase returns Purchase discounts Gross sales sales returns Employee discounts Freight-in Net markups Net markdowns 500,000 8,888 5,500 29,800 30,000 15,000 Sales to employees are recorded net of discounts. c. The retail value of the December 31, 2020, Inventory was $104,325, the cost-to-retail percentage for 2020 under the LIFO retail method was 70%, and the appropriate price Index was 107% of the January 1, 2020, price level. d. The retail value of the December 31, 2021, Inventory was $53,350, the cost-to-retail percentage for 2021 under the LIFO retail method was 69%, and the appropriate price Index was 110% of the January 1, 2020, price level. Required: 1. Estimate ending Inventory for 2019 using the conventional retail method. (Amounts to be deducted should be indicated with a minus sign.) Cost Retail Cost-to-Retail Ratio $ 36,200 $ 50.000 540,000 Beginning inventory Add: Purchases Add: Freight-in Less: Purchase returns Less: Purchase discounts Add: Net markups 333,900 29,000 (6,400) (5,500) (15,000) 30,000 605,000 (15,000) 590,000 Less: Net markdowns Goods available for sale S 387,200 Cost-to-retail percentage 64% S Less: Net sales Sales Sales returns Employee discounts Estimated ending inventory at retail Estimated ending inventory at cost 500,000 (8,000) 5,500 S 590,000 Raleigh Department Store uses the conventional retail method for the year ended December 31, 2019. Available Information follows: a. The Inventory at January 1, 2019, had a retail value of $50,000 and a cost of $36,200 based on the conventional retail method. b. Transactions during 2019 were as follows: Cost $333,900 6,400 5,500 Retail $540,000 15,800 Gross purchases Purchase returns Purchase discounts Gross sales Sales returns Employee discounts Freight-in Net markups Net markdowns 500,000 8,000 5,500 29,000 30,000 15,800 Sales to employees are recorded net of discounts. c. The retail value of the December 31, 2020, Inventory was $104,325, the cost-to-retail percentage for 2020 under the LIFO retail method was 70%, and the appropriate price Index was 107% of the January 1, 2020, price level. d. The retail value of the December 31, 2021, Inventory was $53,350, the cost-to-retail percentage for 2021 under the LIFO retail method was 69%, and the appropriate price Index was 110% of the January 1, 2020, price level. Required: 2. Estimate ending Inventory for 2019 assuming Raleigh Department Store used the LIFO retail method. (Amounts to be deducted should be indicated with a minus slgn.) Cost S 36,200 S Retail Cost-to-Retail Ratio 50,000 540,000 333,900 29,000 (15,000) Beginning inventory Add: Purchases Add: Freight-in Less: Purchase returns Less: Purchase discounts Add: Net markups Less: Net markdowns Goods available for sale (excluding beginning inventory) Goods available for sale (including beginning inventory) (6,400) (5,500) 30,000 (15,000) 540,000 590,000 351,000 387,200 S Cost-to-retail percentage 65% S 500.000 Less: Net sales Sales Sales returns Employee discounts Estimated ending inventory at retail Estimated ending inventory at cost (8,000) 5,500 S 590,000 Raleigh Department Store uses the conventional retail method for the year ended December 31, 2019. Available information follows: a. The inventory at January 1, 2019, had a retail value of $50,000 and a cost of $36,200 based on the conventional retail method. b. Transactions during 2019 were as follows: Gross purchases Purchase returns Purchase discounts Gross sales Sales returns Employee discounts Freight-in Net markups Net markdowns Cost Retail $333,900 $540,000 6,400 15,000 5,500 500,000 8,000 5,500 29,000 30,000 15,000 Sales to employees are recorded net of discounts. c. The retail value of the December 31, 2020, inventory was $104,325, the cost-to-retail percentage for 2020 under the LIFO retail method was 70%, and the appropriate price index was 107% of the January 1, 2020, price level. d. The retail value of the December 31, 2021, inventory was $53,350, the cost-to-retail percentage for 2021 under the LIFO retail method was 69%, and the appropriate price index was 110% of the January 1, 2020, price level. Required: 3. Assume Raleigh Department Store adopts the dollar-value LIFO retail method on January 1, 2020. Estimating ending inventory for 2020 and 2021 Total ending inventory at dollar-value LIFO retail cost, 2020 Total ending inventory at dollar-value LIFO retail cost, 2021
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