ACC410 E9-18

# ACC410 E9-18 - E9-18 Page 473 Cost 58,00 Beginning...

This preview shows pages 1–3. Sign up to view the full content.

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: E9-18 Page 473 Cost 58,00 Beginning inventory Purchases (net) Net markups Net markdowns Sales 0 122,00 0 0 20,00 0 30,00 0 186,00 0 0 200,00 Retail 100,00 Cost 58,00 a.) Beginning inventory Purchases Net markups 180,00 Totals Net markdowns Sales price of goods available Deduct: Sales 0 0 0 122,00 0 0 0 0 Retail 100,00 200,00 20,00 320,00 (30,00 0) 290,00 0 186,00 0 1 104,00 Ending inventory at retail 0 b. ) 300,00 1 2 3 4 \$180,000 ÷ \$300,000 = 60% \$180,000 ÷ \$270,000 = 66.67% \$180,000 ÷ \$320,000 = 56.25% \$180,000 ÷ \$290,000 = 62.07% 60.00% 66.67% 56.25% 62.07% 0 270,00 0 320,00 0 290,00 0 c.) 1 2 3 320,000 56.25% 320,000 3 3 3 d. ) 56.25% X \$104,000 = \$58,500 \$ 58,500 \$ 121,500 \$ 64,500 e.) \$180,000 – \$58,500 = \$121,500 f.) \$186,000 – \$121,500 = \$64,500 2 3 ...
View Full Document

## This note was uploaded on 10/27/2010 for the course FIN 82571 taught by Professor Sharp during the Fall '10 term at CSU Sacramento.

### Page1 / 3

ACC410 E9-18 - E9-18 Page 473 Cost 58,00 Beginning...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document
Ask a homework question - tutors are online