Question: This homework assignment accounts for five points. No point will be given if the assignment is past due or incomplete, no work provided, answers are
This homework assignment accounts for five points. No point will be given if the assignment is past due or incomplete, no work provided, answers are not specified, or most of work is incorrect. Points will be deducted for errors in your work/answer. Based the following information (in scrambled order), compute the ending inventory at cost using: the conventional retail method and (2) the cost retail method. You should round the cost-to-retail ratios to four decimal places, e.g. 0.345678-0.3457 or 34.57%. In your final answer, separately indicate (a) ending inventory at retail, (b) cost - to - retail ratio, and (c) ending inventory at cost. Summarize your answers on the bottom of page. Answer: (You should also provided your work to support your answers)
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