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E9-19 (Retail Inventory Method) Presented below is information related to Ricky Henderson Company

E9-19 (Retail Inventory Method) Presented below is information related to Ricky Henderson Company
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Solution Guide / Answer Key:

ACC/422 (ACC422)
INTERMEDIATE FINANCIAL ACCOUNTING II
University of Phoenix (UoP)

Kieso, D. E., Weygandt, J. J., & Warfield, T. D. (2007).
Intermediate accounting, (12th ed.) (13th Ed.)
Hoboken, NJ: John Wiley & Sons.

Week Three (Week 3)
Chapter 9 and Chapter 10
E9-19 (Retail Inventory Method) Presented below is information related to Ricky Henderson Company.
Cost Retail
Beginning inventory $ 200,000 $ 280,000
Purchases 1,375,000 2,140,000
Markups 95,000
Markup cancellations 15,000
Markdowns 35,000
Markdown cancellations 5,000
Sales 2,200,000

Instructions
Compute the inventory by the conventional retail inventory method.

 

FILE: MS WORD

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