Product cost markup percentage green thumb garden tools inc. produces and sells home and garden tools and equipment. a lawn mower has a total cost of $230 per unit, of which $160 is product cost and $70 is selling and administrative expenses. in addition, the total cost of $230 is made up of $120 variable cost and $110 fixed cost. the desired profit is $58 per unit. determine the markup percentage on product cost. round the answer to nearest whole

As a result of a thorough physical inventory, waterway company determined that it had inventory worth $320200 at december 31, 2020. this count did not take into consideration the following facts: walker consignment currently has goods worth $47400 on its sales floor that belong to waterway but are being sold on consignment by walker. the selling price of these goods is $75900. waterway purchased $21900 of goods that were shipped on december 27, fob destination, that will be received by waterway on january 3. determine the correct amount of inventory that waterway should report.