Artemis inc. began the year with $260,000 inventory at cost which had a retail value of $396,000. during the year purchases were made at a cost of $1,370,000 which would be $2,200,000 retail and the freight-in on these purchases totaled $86,000. sales during the current year totaled $2,000,000 with net markups of $48,000 and markdowns of $72,000.
what is the ending inventory value at cost under the conventional retail method?
a. $371,228.
b. $378,092.
c. $386,804.
d. $572,000.
Answers: 2
Business, 22.06.2019 04:40
What is ur favorite song and by who i know dis is a random question
Answers: 2
Business, 22.06.2019 05:30
From a business perspective, an information system provides a solution to a problem or challenge facing a firm and represents a combination of management, organization, and technology elements. the organization's hierarchy, functional specialties, business processes, culture, and political interest groups are components of which element of information systems?
Answers: 1
Business, 23.06.2019 08:10
To determine her power usage, samantha divides up her day into three parts: morning, afternoon, and evening. she then measures her power usage at 3 randomly selected times during each part of the day.
Answers: 2
Business, 23.06.2019 22:30
Clearcall corporation makes phones, which are sold to consumers by defdeals stores. erna files a product liability suit against clearcall, alleging a design defect. in deciding whether to hold clearcall liable, the court may consider a. defdeals' method of accounting. b. erna's intended use for the phone. c. clearcall's quality control efforts. d. an available alternative design
Answers: 1
Artemis inc. began the year with $260,000 inventory at cost which had a retail value of $396,000. du...
Social Studies, 08.06.2021 19:00
Mathematics, 08.06.2021 19:00
English, 08.06.2021 19:00
History, 08.06.2021 19:00
Biology, 08.06.2021 19:00
Mathematics, 08.06.2021 19:00
History, 08.06.2021 19:00
Mathematics, 08.06.2021 19:00
Mathematics, 08.06.2021 19:00
Mathematics, 08.06.2021 19:00