chapter 9 part 2 - 10,900 left goods 39,996 gross profit on...

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chapter 9 part 2 initial submission (BE9-5, BE9-7, BE9-8, BE9-9, E9-1, E9-7, E9-11, E9-13, E9-19, E9-25, E BE9-5 Cost of goods sold 50,000 Inventory 50,000 BE9-7 gross profit on sales 245,000 cost of goods sold 455,000 ending inventory 195,000 BE9-8 Cost Retail Beginning inventory 12,000 20,000 Purchases 120,000 170,000 Goods available for sale 132,000 190,000 Add:Markups 10,000 Less:Markdowns -7,000 Deduct:Sales 25,000 Ending inventory, at retail 168,000 BE9-9 4.03 E9-1 Lower of cos Part No. quantity cost per unit 110 600 95 100 95 111 1000 60 52 52 112 500 80 76 76 113 200 170 180 170 120 400 205 208 205 121 1600 16 14 14 122 300 240 235 235 866 865 847 865 E9-11 1) 16.67% 2) 20.00% 3) 25.00% 4) 33.33% E9-13 a) 38,000 Jan 1 merchandise cost of goods destroyed 100 92,000 Jan 1 purchases 3,400 freight in b) 2,400 purchases return cost of goods destroyed 40,096 120,000 above cost sales
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Unformatted text preview: 10,900 left goods 39,996 gross profit on sales cost to replace per unit Individual items Total Categories 80,004 cost of goods sold 50,996 ending inventory Inventory by E9-19 cost retail Beginning inventory 200,000 280,000 Beginning inv purchases 1,425,000 2,140,000 Purchases markups 95,000 Totals markup cancellations 15,000 Markups markdowns 35,000 Markups can markdown cancellations 5,000 sales 2,250,000 Markdown markdown ca sales Ending inve 9-27) st or market by y the conventional retail inventory method cost retail ventory 200,000 280,000 1,425,000 2,140,000 1,625,000 2,420,000 95,000 ncellation (15,000) 80,000 2,500,000 35,000 ancellation (5,000) 30,000 2,470,000 2,250,000 entory at retail 220,000...
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chapter 9 part 2 - 10,900 left goods 39,996 gross profit on...

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