Question

Presented below is information related to Waterway Company. Cost Retail Beginning inventory $252,960 $281,000 Purchases 1,368,000...

Presented below is information related to Waterway Company.

Cost

Retail

Beginning inventory

 $252,960 $281,000

Purchases

 1,368,000 2,097,000

Markups

 93,700

Markup cancellations

 15,700

Markdowns

 36,900

Markdown cancellations

 4,900

Sales revenue

 2,243,000


Compute the inventory by the conventional retail inventory method. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28,987.)

Ending inventory using conventional retail inventory method

$enter the dollar amount of the ending inventory using conventional retail inventory method
Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Presented below is information related to Bonita Company. Cost Retail Beginning inventory $252,960 $281,000 Purchases 1,368,000...
Presented below is information related to Bonita Company. Cost Retail Beginning inventory $252,960 $281,000 Purchases 1,368,000 2,097,000 Markups 93,700 Markup cancellations 15,700 Markdowns 36,900 Markdown cancellations 4,900 Sales revenue 2,243,000 Compute the inventory by the conventional retail inventory method. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28,987.) Ending inventory using conventional retail inventory method $__________
Presented below is information related to Culver Company. Cost Retail Beginning inventory $194,276 $276,000 Purchases 1,368,000...
Presented below is information related to Culver Company. Cost Retail Beginning inventory $194,276 $276,000 Purchases 1,368,000 2,164,000 Markups 93,900 Markup cancellations 14,100 Markdowns 32,800 Markdown cancellations 5,000 Sales revenue 2,239,000 Compute the inventory by the conventional retail inventory method. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28,987.) Ending inventory using conventional retail inventory method: $_______
Presented below is information related to Metlock Company. Cost Retail Beginning inventory $307,645 $285,000 Purchases 1,397,000...
Presented below is information related to Metlock Company. Cost Retail Beginning inventory $307,645 $285,000 Purchases 1,397,000 2,106,000 Markups 95,200 Markup cancellations 15,700 Markdowns 33,500 Markdown cancellations 4,800 Sales revenue 2,240,000 Compute the inventory by the conventional retail inventory method. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28,987.) Ending inventory using conventional retail inventory method $enter the dollar amount of the ending inventory using conventional retail inventory method
Presented below is information related to Marigold Company. Cost Retail Beginning inventory $318,504 $279,000 Purchases 1,363,000...
Presented below is information related to Marigold Company. Cost Retail Beginning inventory $318,504 $279,000 Purchases 1,363,000 2,117,000 Markups 93,200 Markup cancellations 16,400 Markdowns 38,300 Markdown cancellations 5,500 Sales revenue 2,158,000 Compute the inventory by the conventional retail inventory method. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28,987.) Ending inventory using conventional retail inventory method $enter the dollar amount of the ending inventory using conventional retail inventory method
Presented below is information related to Sandhill Company. Cost Retail Beginning inventory $362,797 $286,000 Purchases 1,370,000...
Presented below is information related to Sandhill Company. Cost Retail Beginning inventory $362,797 $286,000 Purchases 1,370,000 2,145,000 Markups 95,100 Markup cancellations 14,800 Markdowns 32,900 Markdown cancellations 5,100 Sales revenue 2,193,000 Compute the inventory by the conventional retail inventory method. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28,987.) Ending inventory using conventional retail inventory method
Presented below is information related to Sunland Company. Cost Retail Beginning inventory $374,710 $283,000 Purchases 1,393,000...
Presented below is information related to Sunland Company. Cost Retail Beginning inventory $374,710 $283,000 Purchases 1,393,000 2,165,000 Markups 93,800 Markup cancellations 16,500 Markdowns 37,300 Markdown cancellations 4,500 Sales revenue 2,181,000 Compute the inventory by the conventional retail inventory method. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28,987.) Ending inventory using conventional retail inventory method
Presented below is information related to Whispering Company. Cost Retail Beginning inventory $318,504 $279,000 Purchases 1,363,000...
Presented below is information related to Whispering Company. Cost Retail Beginning inventory $318,504 $279,000 Purchases 1,363,000 2,117,000 Markups 93,200 Markup cancellations 16,400 Markdowns 38,300 Markdown cancellations 5,500 Sales revenue 2,158,000 Compute the inventory by the conventional retail inventory method. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28,987.) Ending inventory using conventional retail inventory method $
Presented below is information related to Sandhill Company. Cost Retail Beginning inventory $379,557 $275,000 Purchases 1,356,000...
Presented below is information related to Sandhill Company. Cost Retail Beginning inventory $379,557 $275,000 Purchases 1,356,000 2,161,000 Markups 94,700 Markup cancellations 15,400 Markdowns 36,700 Markdown cancellations 5,200 Sales revenue 2,170,000 Compute the inventory by the conventional retail inventory method. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28,987.) Ending inventory using conventional retail inventory method
Presented below is information related to Skysong, Inc. Cost Retail Beginning inventory $365,500 $645,000 Purchases 1,634,000...
Presented below is information related to Skysong, Inc. Cost Retail Beginning inventory $365,500 $645,000 Purchases 1,634,000 2,881,000 Freight on purchases 69,660 Markups 150,500 Markup cancellations 120,400 Abnormal shortage 12,900 22,360 Markdowns 75,680 Markdown cancellations 10,320 Employee discounts 4,472 Sales revenue 3,074,500 Sales returns 86,000 Normal shortage 15,050 Purchase returns 18,920 35,260 Compute ending inventory by the conventional retail inventory method. (Round percentages for computational purposes to 1 decimal place, e.g. 0.4158 to 41.6% and final answer to 0 decimal places,...
Waterway Inc. had beginning inventory of $11,660 at cost and $22,000 at retail. Net purchases were...
Waterway Inc. had beginning inventory of $11,660 at cost and $22,000 at retail. Net purchases were $101,640 at cost and $167,100 at retail. Net markups were $10,000, net markdowns were $7,700, and sales revenue was $137,100. Compute ending inventory at cost using the LIFO retail method. (Round ratios for computational purposes to 1 decimal place, e.g. 78.7% and final answer to 0 decimal places, e.g. 28,987.) Ending inventory using LIFO retail method?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT