Beg Inv @ cost $11,160 Net Additional markups $600 Sales $94,056 Purchases @ retail $92,400 Freight-in $840 Beg Inv @ retail $18,000 Purchases @ cost $54,600 Net markdowns $1,144 5. Assume that they also transferred in inventory from a different division with a cost of $8,500 and a retail value of $16,000. What would the cost ratio be, if this had happened? using Average Cost Method (3 decimals)

Q: Beg Inv @ cost $11,160 Net Additional markups $600 Sales $94,056 Purchases @ retail $92,400…

A: Net Markdown and normal breakage shall not be included in the calculation of the cost to retail…

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A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: Beg Inv @ cost $11,160 Net Additional markups $600 Sales $94,056 Purchases @ retail $92,400…

A: The method of retail inventory is the accounting method, which is used to estimate the store…

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Q: Beg Inv @ cost $11,160 Net Additional markups $600 Sales $94,056 Purchases @ retail $92,400…

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Q: Beg Inv @ cost $11,160 Net Additional markups $600 Sales $94,056 Purchases @ retail $92,400…

A:

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Q: Beg Inv @ cost $11,160 Net Additional markups $600 Sales $94,056 Purchases @ retail $92,400…

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Q: Beg Inv @ cost $11,160 Net Additional markups $600 Sales $94,056 Purchases @ retail $92,400…

A: Cost to retail ratio: Under retail inventory method, cost to retail ratio is used to value the…

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Q: Beg Inv @ cost $11,160 Net Additional markups $600 Sales $94,056 Purchases @ retail $92,400…

A: Cost to retail ratio is the ratio of cost of goods available for sale to retail cost of goods…