Please do not give solution in image format thanku *E6-20 Kicks Shoe Store uses the retail inventory method for its two departments, Women'sShoes and Men's Shoes. The following information for each department is obtained.Women'sItemBeginning inventory at costCost of goods purchased at cost au vandNet salesBeginning inventory at retailto dos Cost of goods purchased at retailShoes 20$ 25,000110,000178,00046,000179,000oogMen'sShoes$ 45,000136,300185,00060,000185,000(d)DaInstructionsCompute the estimated cost of the ending inventory for each department under the retailinventory method.

Name: Please do not give solution in image format thanku *E6-20 Kicks Shoe S
Uploaded: 2024-03-20T06:32:37.000Z
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Description: Please do not give solution in image format thanku *E6-20 Kicks Shoe Store uses the retail inventory method for its two departments, Women'sShoes and Men's Shoes. The following information for each department is obtained.Women'sItemBeginning inventor

Inventory is one of the important current asset of business. It includes raw materials, work in…

Business

Accounting

Kicks Shoe Store uses the retail inventory method for its two departments, Women's Shoes and Men's Shoes. The following information for each department is obtained. Women's Shoes Item Beginning inventory at cost Cost of goods purchased at cost Net sales Beginning inventory at retail Cost of goods purchased at retail $ 25,000 110,000 178,000 46,000 179,000 Men's Shoes $ 45,000 136,300 185,000 60,000 185,000 D a Instructions Compute the estimated cost of the ending inventory for each department under the retail inventory method.