PLEASE HELP only need the boxes filled UNF O htt xercises/Problems Help Save & E

Question

PLEASE HELP only need the boxes filled UNF O htt xercises/Problems Help Save & Exercise 5-16B Estimating ending inventory-retail method LO P4 In 2017, Dakota Company had net sales (at retail) of $136,000 A Cost At Reta BegianiEG LnVentozy Coat of goods purchased 67-48 93,000 The above additional information is available from its records at the end of 2017. Use the retail inventory method to estimate Dakota's 2017 ending inventory at cost. (Round cost ratio to the nearest whole percentage.) At Cost At Retail 32,500 67 418 99,918 64 800 Beginning Cost of goods purchased 99000 163,800 Net sales at retail earch DOLL

Explanation / Answer

At Cost Cost to Retail Ratio At Retail Beginning Inventory $32,500 $64,800 Cost of Goods Purchased $67,418 $99,000 Cost of goods available for sale $99,918 0.61 $163,800 (99918/163800) Net Sales at Retail $136,000 Ending Inventory 16958 0.61 $27,800 (27800*0.61) Sales (Net) - $136000

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