CJP_Inventory_Problems_Solutions

CJP_Inventory_Problems_Solutions - Current Cost %...

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2.A Cost Retail Inventory $696,000 $1,200,000 58% Purchases $8,004,000 $12,910,000 62% Net Additional MU $1,340,000 Conventional $8,700,000 $15,450,000 56% Ending Inventory $1,392,000 56% $779,520 Cost of Goods Sold $8,700,000 $(779,520) $7,920,480 2.B Cost Retail Purchases $8,004,000 $12,910,000 Net Additional MU $1,340,000 Net Markdowns $(890,000)
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Unformatted text preview: Current Cost % $8,004,000 $13,360,000 60% Relative Price Index 345 322 1.07 Ending Inventory $1,392,000 1.07 $1,300,935 Ending Inventory B $1,300,935 Beginning Inventory $1,200,000 $696,000 Current Layer $100,935 1.07 60% $64,800 Ending Inventory $760,800 Cost of Goods Sold $8,700,000 $(760,800) $7,939,200...
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This note was uploaded on 09/20/2011 for the course ACCT 301 taught by Professor Staff during the Spring '11 term at S.F. State.

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