Sporting Goods Galore Ltd At Cost,assuming FIFO,LCM? $_____________

question 85

Essay

Sporting Goods Galore Ltd.uses the retail method of inventory.Data for the year 2013 follows: $\begin{array}{lrr}&\text { At Cost } & \text { At Retail } \\ \text {Beginning inventory.}&\$19,840&\$30,000 \\ \text {Purchases (net). }&53,360&86,000\\ \text {Mark-ups (net). }& &6,000\\ \text {Markdowns (net). }&&(2,000) \\ \text {Goods available for sale. }&\$73,200&120,000 \\ \text {Net sales. }&&80,000 \\ \text {Ending inventory: }& \\ \text {At retail. }&&\$40,000 \\\end{array}$ At cost,assuming FIFO,LCM? $_____________.

Understand the significance and application of direct questions in sales.

Recognize the effectiveness of various questioning tactics to create interest and gather information.

Comprehend the SPIN selling approach and its components.

Acknowledge the role of silence and active listening after posing a question in sales.

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Definitions:

Tip-Targeting Technology

Revolutionary digital or technological methods designed to enhance advertising precision by aiming at the most likely interested segments of consumers.

Dynamically Continuous Innovation

Refers to a moderate level of innovation that includes some changes to an existing product, altering consumer habits without drastic new learning.

Alert Energy Caffeine Gum

A brand of chewing gum that contains caffeine to provide consumers with a quick energy boost.

Feature Bloat

The excessive addition of features in a product, making it overly complex and potentially harder to use.