Matthew_McCoy_E9-18

Matthew_McCoy_E9-18 - 2. $180,000 $273,865 = 65.73% 3....

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Matthew McCoy E9-18 (a) Cost Retail Beginning inventory $ 58,000 $100,000 Purchases 122,000 200,000 Net markups _______ 10,345 Totals $180,000 310,345 Net markdowns (26,135) Sales price of goods available 284,210 Deduct: Sales 186,000 Ending inventory at retail $ 98,210 (b) 1. $180,000 ÷ $300,000 = 60%
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Unformatted text preview: 2. $180,000 $273,865 = 65.73% 3. $180,000 $310,345 = 58% 4. $180,000 $284,210 = 63.33% (c) 1. Method 3. 2. Method 3. 3. Method 3. (d) 58% X $98,210 = $56,962 (e) $180,000 $56,962 = $123,038 (f) $186,000 $123,038 = $62,962...
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