Question: Please answer all questions Presented below is information related to Coronado Company. Compute the ending inventory at retail. Ending inventory $ Compute a cost-to-retail percentage





Presented below is information related to Coronado Company. Compute the ending inventory at retail. Ending inventory $ Compute a cost-to-retail percentage under the following conditions. (Round ratios to 2 decimal places, e.g. 78.74% ) Which of the methods in (b) above does the following? (1) Provides the most conservative estimate of ending inventory. (2) Provides an approximation of lower-of-cost-or-market. (3) Is used in the conventional retail method. Compute ending inventory at lower-of-cost-or-market. (Round ratio to 2 decimal places, eg. 78.74\% and final answer to 0 decimal places, eg. 6,225.) Ending inventory \$ Compute cost of goods sold based on (d). (Round answer to 0 decimal places, es. 6,225.) Cost of goods sold Compute gross profit based on (d). (Round answer to 0 decimal places, e.g. 6,225 .) Gross profit
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