2008-11-25_211636_Alaina_Inventory_Retail_method

2008-11-25_211636_Alaina_Inventory_Retail_method - 0.66...

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Question 1 Cost Retail Inventory Beginning $81,670 $114,610 Purchases 492,250 751,730 $573,920 $866,340 Sales ($786,120) Sales returns 4,480 -781,640 Ending inventory at retail $84,700 Cost-to-retail ratio = $573,920
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Unformatted text preview: 0.66 $866,340 Ending inventory at cost (66% of $84700) $55,902 Question 2 Cost Retail Ending Inventory $55,902 $84,700 Physical Inventory $51,810 $78,500 Shrinkage $4,092 $6,200...
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