Business, 27.05.2020 17:58 karla21pilots

Problem 1, The following data pertain to a single department for the month of October for ABC Company.
At CostAt Retail
Beginning inventory…………………………..35,000 40,000
Purchase ……………………………………...50,000 80,000
Purchase discount………………………………5,000 15,000
Purchase return and allowance…………………10,000 14,000
Sales (net)…………………………………………………………...70,00 0
Additional markup ………………………………………………….20,000
Markup cancellation ………………………………………………….5,000
Markdown ………………………………………………………….10,000
Markdown cancellation ……………………………………………...6,000
Normal spoilage……………………………………………………..7,000
Normal shortage …………………………………………………….3,000
Abnormal spoilage ………………………………………………….5,000
Required: Compute the estimated cost of ending inventory using:
A. Conventional Retail Method
B. Cost Retail Method
C. Gross Profit Method, if markup percentage is 20 % on cost

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 11:40

Select the correct answer brian wants to add a chart to his dtp project. what is the best way he can do this? a draw the chart using the dtp program draw option b create the chart in a spreadsheet then import it c. use the dtp chart wizard to create the chart within the dtp d. create an image of the chart in an image editor then import the image e use html code to create a chart within the dtp program

Answers: 3

Answer

Business, 22.06.2019 11:40

In each of the following, what happens to the unemployment rate? does the unemployment rate give an accurate impression of what’s happening in the labor market? a.esther lost her job and begins looking for a new one.b.sam, a steelworker who has been out of work since his mill closed last year, becomes discouraged and gives up looking for work.c.dan, the sole earner in his family of 5, just lost his $90,000 job as a research scientist. immediately, he takes a part-time job at starbucks until he can find another job in his field.

Answers: 2

Answer

Business, 22.06.2019 12:00

Need today! will get brainliest for right answer! compare and contrast absolute advantage and comparative advantage.

Answers: 1

Answer

Business, 22.06.2019 19:50

Bulldog holdings is a u.s.-based consumer electronics company. it owns smaller firms in japan and taiwan where most of its cell phone technology is developed and manufactured before being released worldwide. which of the following alternatives to integration does this best illustrate? a. venture capitalism b. franchising c. joint venture d. parent-subsidiary relationship

Answers: 2

Answer

You know the right answer?

Problem 1, The following data pertain to a single department for the month of October for ABC Compan...

Questions