Webster Company uses the average retail method of inventory valuation. Following are the information available: Retail P 60,000 220,000 20,000 40,000 180,000 Beginning inventory Purchases Cost P 23,000 120,000 Net markups Net markdowns Sales revenue What is the estimated cost of ending inventory? P80,000 P48,000 P44,000 P38,133 а. b. с. d.

Webster Company uses the average retail method of inventory valuation. Following are the information available: Retail P 60,000 220,000 20,000 40,000 180,000 Beginning inventory Purchases Cost P 23,000 120,000 Net markups Net markdowns Sales revenue What is the estimated cost of ending inventory? P80,000 P48,000 P44,000 P38,133 а. b. с. d.

Name: Webster Company uses the average retail method of inventoryvaluation.
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Description: Webster Company uses the average retail method of inventoryvaluation. Following are the information available:RetailP 60,000220,00020,00040,000180,000Beginning inventoryPurchasesCostP 23,000120,000Net markupsNet markdownsSales revenueWhat is the est

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter13: Accounting For Merchandise Inventory

Section: Chapter Questions

Problem 4CE: Kulsrud Company would like to estimate the current inventory level. Using the gross profit method...

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