Examlex

Solved

Use the Following Information for the Following Question -The Ending Inventory at Retail Should Be
A) $210,000

question 78

Multiple Choice

Use the following information for the following question:
Tang Inc. uses the retail inventory method. The following information is available for the current year:
 Cost  Retail  Beginning inventory $117,000$183,000 Purchases 442,000623,000 Freight-in 8,000 Employee discounts 3,000 Net markups 22,000 Net markdowns 30,000 Sales 585,000\begin{array}{lll} & \text { Cost } & \text { Retail } \\\text { Beginning inventory } & \$ 117,000 & \$ 183,000 \\\text { Purchases } & 442,000 & 623,000 \\\text { Freight-in } & 8,000 & - \\\text { Employee discounts } & - & 3,000 \\\text { Net markups } & - & 22,000 \\\text { Net markdowns } & - & 30,000 \\\text { Sales } & - & 585,000\end{array}

-The ending inventory at retail should be


Definitions:

Puberty

The stage of human development during which children become sexually mature and capable of reproduction, marked by physical, hormonal, and emotional changes.

Nutrition

The science that interprets the interaction of nutrients and other substances in food in relation to maintenance, growth, reproduction, health and disease of an organism.

Medical Care

The provision of services by healthcare professionals to diagnose, treat, and prevent illness, injury, and other physical and mental impairments in individuals.

Pollution

The presence or introduction of harmful or poisonous substances into the environment, causing adverse effects on living organisms and ecosystems.

Related Questions