ง c The records of Marigold Menswear report the following data for the month of September: Sales $118,300 Purchases (at cost) $67,600 Sales returns 2,600 Purchases (at sales price) 121,000 Additional markups 10,900 Purchase returns (at cost) 3,400 Markup cancellations 2,500 Purchase returns (at sales price) 3,600 Markdowns 9,900 Beginning inventory (at cost) 41,400 Markdown cancellations 3,100 Beginning inventory (at sales price) 49,800 Freight on purchases 4,200 Show Transcribed Text с Estimate the ending inventory using the retail inventory method. (Round intermediate calculations to 2 decimal place, e.g. 15.21% and the final answers to O decimal places, e.g. 5,275.) Ending inventory, at retail $ 53100 Ending inventory, at cost $ 33203
ง c The records of Marigold Menswear report the following data for the month of September: Sales $118,300 Purchases (at cost) $67,600 Sales returns 2,600 Purchases (at sales price) 121,000 Additional markups 10,900 Purchase returns (at cost) 3,400 Markup cancellations 2,500 Purchase returns (at sales price) 3,600 Markdowns 9,900 Beginning inventory (at cost) 41,400 Markdown cancellations 3,100 Beginning inventory (at sales price) 49,800 Freight on purchases 4,200 Show Transcribed Text с Estimate the ending inventory using the retail inventory method. (Round intermediate calculations to 2 decimal place, e.g. 15.21% and the final answers to O decimal places, e.g. 5,275.) Ending inventory, at retail $ 53100 Ending inventory, at cost $ 33203
Chapter10: Inventory
Section: Chapter Questions
Problem 5EB: Bleistine Company had the following transactions for the month. Calculate the ending inventory...
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Give me correct answer with explanation.h
![The records of Marigold Menswear report the following data for the month of September:
Sales
$118,300
Purchases (at cost)
$67,600
Sales returns
2,600
Purchases (at sales price)
121,000
Additional markups
10,900
Purchase returns (at cost)
3,400
Markup cancellations
2,500
Purchase returns (at sales price)
3,600
Markdowns
9,900
Beginning inventory (at cost)
41,400
Markdown cancellations
3,100
Beginning inventory (at sales price)
49,800
Freight on purchases
4,200
Show Transcribed Text
Estimate the ending inventory using the retail inventory method. (Round intermediate calculations to 2 decimal place, e.g. 15.21% and
the final answers to O decimal places, e.g. 5,275.)
Ending inventory, at retail
53100
Ending inventory, at cost
$
33203](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F65c61ae2-4837-42ab-aad3-55440d172a88%2F9c665150-4798-4130-a66a-2a05e55fc79f%2Fnsrk53f_processed.png&w=3840&q=75)
Transcribed Image Text:The records of Marigold Menswear report the following data for the month of September:
Sales
$118,300
Purchases (at cost)
$67,600
Sales returns
2,600
Purchases (at sales price)
121,000
Additional markups
10,900
Purchase returns (at cost)
3,400
Markup cancellations
2,500
Purchase returns (at sales price)
3,600
Markdowns
9,900
Beginning inventory (at cost)
41,400
Markdown cancellations
3,100
Beginning inventory (at sales price)
49,800
Freight on purchases
4,200
Show Transcribed Text
Estimate the ending inventory using the retail inventory method. (Round intermediate calculations to 2 decimal place, e.g. 15.21% and
the final answers to O decimal places, e.g. 5,275.)
Ending inventory, at retail
53100
Ending inventory, at cost
$
33203
![Assuming that a physical count of the inventory determined that the actual ending inventory at retail prices at the end of
September was $40,500, estimate the loss due to shrinkage and theft. (Round intermediate calculations to 2 decimal places, e.g.
15.21% and the final answer to O decimal places, e.g. 5,275.)
Estimated loss due to shrinkage and theft
Show Transcribed Text
7879](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F65c61ae2-4837-42ab-aad3-55440d172a88%2F9c665150-4798-4130-a66a-2a05e55fc79f%2Fxhx5pq9_processed.png&w=3840&q=75)
Transcribed Image Text:Assuming that a physical count of the inventory determined that the actual ending inventory at retail prices at the end of
September was $40,500, estimate the loss due to shrinkage and theft. (Round intermediate calculations to 2 decimal places, e.g.
15.21% and the final answer to O decimal places, e.g. 5,275.)
Estimated loss due to shrinkage and theft
Show Transcribed Text
7879
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