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Dakota Company had net sales (at retail) of $139,000. At Retail $ 65,100 99,300 Beginning inventory Cost of goods purcha
Posted: Sun Jul 03, 2022 1:22 pm
by answerhappygod
- Dakota Company Had Net Sales At Retail Of 139 000 At Retail 65 100 99 300 Beginning Inventory Cost Of Goods Purcha 1 (69.49 KiB) Viewed 17 times
Dakota
Company had net sales (at retail) of $139,000. At Retail $ 65,100 99,300 Beginning inventory Cost of goods purchased At Cost $ 32,800 72,416 The above additional information is available from its records. Use the retail inventory method to estimate Dakota's year-end inventory at cost. (Round cost ratio to the nearest whole percentage.) Beginning inventory Cost of goods purchased Cost of goods available for sale Net sales at retail Ending inventory $ $ At Cost 32,800 72,416 105,216 Cost-to-Retail Ratio At Retail 64% $ 64% $ 65,100 99,300 164,400