subject
Business, 06.08.2021 17:50 Cocco

Crosby Company owns a chain of hardware stores throughout the state. The company uses a periodic inventory system and the retail inventory method to estimate ending inventory and cost of goods sold. The following data are available for the three months ending March 31, 2021: Cost Retail
Beginning inventory $160,000 $280,000
Net purchases 607,760 840,000
Net markups 20,000
Net markdowns 4,000
Net sales 800,000

Required:
Estimate the LIFO cost of ending inventory and cost of goods sold for the three months ending March 31, 2013. Assume stable retail prices during the period.

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 08:30
Which actions can you improve your credit score? (multiple can be selected)having a good credit score should be your prime objective as credit companies analyze your creditworthiness before giving you a loan. there are certain guidelines you can follow to ensure you have a good credit score. always pay your mortgage interest on time. if you are a student, make student loan inquiries before taking any loan. if you have multiple credit cards, manage them judiciously. maintain a healthy balance in your bank account.1. always pay your mortgage interest on time.2. if you are a student, make student loan inquiries before taking any loan.3. if you have multiple credit cards, manage them judiciously.4. maintain a healthy balance in your bank account.
Answers: 1
question
Business, 22.06.2019 09:00
Harry is 25 years old with a 1.55 rating factor for his auto insurance. if his annual base premium is $1,012, what is his total premium? $1,568.60 $2,530 $1,582.55 $1,842.25
Answers: 3
question
Business, 22.06.2019 21:30
True or false payroll withholding includes income tax, social security tax, medicare tax as well as money you deduct for your retirement fund.
Answers: 1
question
Business, 23.06.2019 13:10
Use the drop-down menus to complete the statements about credit reports and scores. a credit report summarizes a person’s . a credit score is a measure of a person’s as a borrower. is a factor that contributes to a person’s credit score.
Answers: 2
You know the right answer?
Crosby Company owns a chain of hardware stores throughout the state. The company uses a periodic inv...
Questions
question
Mathematics, 23.11.2020 07:40
question
Mathematics, 23.11.2020 07:40
question
English, 23.11.2020 07:40
question
English, 23.11.2020 07:40
question
Health, 23.11.2020 07:40
question
Mathematics, 23.11.2020 07:50
question
Mathematics, 23.11.2020 07:50
Questions on the website: 13722363