Alicia's Acini de Pepi Ltd., reported the following information for themonth of December 2022:Inventory, December 1, 2022Net purchases, December 2022Net Sales, December 2022Calculate the:abCdGoods Available for Sale @ RETAILCost/Retail percentageCost$ 412,000 $$ 345,000 $$The ending inventory at RetailThe ending inventory at CostRetail1,009,400711,055802,455abсdAnswers

The cost of goods available for sale is calculated by adding the beginning inventory and purchases.…

Alicia's Acini de Pepi Ltd., reported the following information for the month of December 2022: Inventory, December 1, 2022 Net purchases, December 2022 Net Sales, December 2022 Calculate the: a Goods Available for Sale @ RETAIL b с Cost $ 412,000 $ $ 345,000 $ $ Cost/Retail percentage The ending inventory at Retail Retail 1,009,400 711,055 802,455 a b Answers

Alicia's Acini de Pepi Ltd., reported the following information for the month of December 2022: Inventory, December 1, 2022 Net purchases, December 2022 Net Sales, December 2022 Calculate the: a Goods Available for Sale @ RETAIL b с Cost $ 412,000 $ $ 345,000 $ $ Cost/Retail percentage The ending inventory at Retail Retail 1,009,400 711,055 802,455 a b Answers

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter7: Inventories: Cost Measurement And Flow Assumptions

Section: Chapter Questions

Problem 11RE: Jessie Stores uses the periodic system of calculating inventory. The following information is...

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