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- Complete the table Cost Markup Selling price $300 _______% $559 Need to know the Markup %Calculate the Lower-of-Cost-or-Market using the table below for Samson Goods, Inc. springs inventory. (1) Complete the table. Part # Cost Replacement Cost Net Realizable Value Normal Profit NRV less Normal Profit LCM SP17G $181,000 $ 152,000 $151,000 $15,000 SP23X 254,000 249,800 262,500 25,800 SP78A 205,400 214,000 206,000 10,200 Total (2) Prepare the journal entry to record the Allowance to Reduce Inventory to Market using the "Loss Method". $ $ (Record the adjustment to inventory due to decline in value)1.Calculate the missing information for the purchase. (Round your answers to the nearest cent.) Item SellingPrice SalesTaxRate SalesTax(in $) ExciseTax Rate ExciseTax(in $) TotalPurchase Price(in $) Tire $106.99 6 $ 5 $ $
- If a retailer paid RO 280 after a discount of RO 70 on the list price, the list price and rate of discount is: a. List price RO 240, Rate of discount 25 % b. List price RO 350, Rate of discount 25 % c. List price RO 240, Rate of discount 20 % d. List price RO 350, Rate of discount 20 %Complete the following table: Note: Do not round intermediate calculations. Round your final answers to the nearest cent. Item List Price chain discount net price trade discount Sony digital camera $320 6/4/3find the net price for an order of tires with a list price of $17,000 less trade discounts of 30/25/10 use the net price complement method
- A dress has a selling price of 1,800. It's mark up based on selling price is 17%. What is the cost ? What is the mark up? What is the Mark up rate based on cost ? Please answer it completely.Complete the table: Cost Markup Selling Price $480 40% on selling price _______ amt selling priceUsing the following data, how should the merchandise be valued under lower of cost or market?Original cost $1,350Estimated selling price 1,475Selling expenses 180
- Required: 1. Estimate the 2021 and 2022 ending inventory and cost of goods sold using the dollar-value LIFO retail method. 2. Estimate the 2021 ending inventory and cost of goods sold using the average cost retail method. (Round your cost-to-retail percentage to 2 decimal places and round your final answers to nearest whole dollar.) 3. Estimate the 2021 ending inventory and cost of goods sold using the conventional retail method.Find the list price, given the net cost and the series discount. Net cost $949.25; trade discount 30/20Find amount of (A) net price and (B) trade discount dollar amount. Stove: List $1,400 Chain discount 13/10/4
