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lbvjy [14]
3 years ago
12

Determine the ending inventory under the conventional retail method for the furniture department of Mayron Department Stores fro

m the following data. (Round ratio of cost to selling price to 0 decimal places, e.g., 15%) Cost Retail Inventory, Jan. 1 $ 149,000 $ 283,500 Purchases 1,400,000 2,160,000 Freight-in 70,000 Markups, net 92,000 Markdowns, net 48,000 Sales revenue 2,175,000 Ending inventory $

Business
1 answer:
Alisiya [41]3 years ago
5 0

Answer:

$199,541.51

Explanation:

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anzhelika [568]

Answer:

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wlad13 [49]

Answer:

Option d would be the appropriate choice.

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Some other choices don't apply to the specified situation. So, the best one is the one mentioned.

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3 years ago
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