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

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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 ...
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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.

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

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