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The records of Alaina Co provide the following information for the year ended December 31 Jan 1 begin bal at cost 81670 at retail 114610 cost og goods at cost 492250 at retail 751730 sales at retail?
Wiki User
∙ 16y ago
{| |- | Alaina Co. At Cost At Retail At Cost At Retail Goods available for sale
Beginning Inventory
81670 114610
78550 Cost of goods purchased
492250 751730
751730 Goods available for sale
573920 866340
830280 Less: net sales at retail
786120
786120 Less: sales at returns
4480
4480 ending inventory at retail
84700
48640
Cost at retail ratio (573920 ÷ 866340) 66%
Estimated ending inventory at cost $ 55,902
|}
Wiki User
∙ 16y ago
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