Question.2572 - Homework-8 Book Inventory @ Retail and @ Cost (4 pts) Text Book Question: 4, 5, 6, 8,9, 11, 13, 14 Shortages and Overages(3 pts): Text Book Question: 19, 20, 21, 23, 26, 27 Additional (3 pts): 1. Using the following figures, determine closing book inventory. (Not all information given may be needed.) Opening inventory $ 62,980 Gross purchases $ 43,620 RTV $ 860 Markdowns 5,246 Employee discounts 784 Gross sales 49,318 Customer returns 1,918 2. Calculate July closing book Inventory at retail if: Opening book inventory is $972,000 Net sales are $630,000 Markdowns are 25% Receipts are $464,260 3. Determine Book Inventory @ Cost, given following informationCost Retail Opening inventory $34,890 $52,914 Net purchases 12,116 28,709 Freight 120 Net transfers out (use as reduction) 344 818 Gross sales 29,368 (http Customer returns s://canvas.cpp.edu/courses/53384/modules/items/2389742)2,134Submit Assignment (https://canvas.cpp.edu/courses/511/6/22, 7:11 AM Homework-8https://canvas.cpp.edu/courses/53384/assignments/546235 2/2 Choose a submission type Net markdowns 1,024 Employee discounts 362
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Question xxxxxxxxx Opening xxxx Inventory xx Retail xxxxxxxxx at xxxxxx Trans xx from xxxxxx Store xxxxx additions xxxxxxxxxx Net xxxxx Markdowns xxxxxxx to xxxxxx Trans xxx to xxxxxxx total xxxxxxxxxx Closing xxxx inventory xxx buyer xxx increase xxxxx increase xxxxxxxxx negotiate x reduction xx purchases xx transfer xxxxxxxxxxx to xxxxxxxxxx Stores xxxx are xxxxxxx the xxxxxxxxxxxxx Additions xxxxxxx Book xxxxxxxxx at xxxxxx Purchases xx Retail xxxxx additions xxxxxxxxxx Net xxxxx Markdowns xxxxx reductions xxxxxxx book xxxxxxxxx X xxxxx X xx CostQuestion xxxxxxxx - xxxxx of xxxxxx physical xxxxx - xx in xxxxx taking xxxxxxxxx ldquo xxxx prone xx human xxxxx There xxx been xxxxxxxxx accuracy xx the xxxxxxxx count xxx to xxxxxxxxxx counting xxx errors xxx still xxxxxx from xxxxxxx to xxxxxxx all xxxxxxxxxxx in xx outside xxx department xxxxxxxxxxx - xxxxxx derived xxxx keeping xxxxx of xxx incoming xxx all xxxxxxxx goods x a xxxxx paper xxx quot xxxxxx Increased xxxxxxxx resulting xxxx electronic xxxx processing xxx Question xxxxxx Additions xxxxxxx Book xxxxxxxxx at xxxxxx Purchases xx Retail xxxxx in xxxx Conn xxxxx total xxxxxxxxx Reductions xxx Sales xxxxxxxxx Returns xx Vendor xxxxx out xx NJ xxxxx total xxxxxxxxxx Closing xxxx inventory xxxxxxxx ANSWER xxxxxxxxx Opening xxxx Inventory xx Retail xxxxxxxxx at xxxxxx total xxxxxxxxx Reductions xxx Sales xxxxxxxxx total xxxxxxxxxx Closing xxxx inventory xxxx are xxx off xxxx will xxxx to xxxxxx more xxxxx Question xxxxxx Additions xxxxxxx Book xxxxxxxxx at xxxxxx Purchases xx Retail xxxxx additions xxxxxxxxxx Net xxxxx Markdowns xxxxx reductions xxxxxxx book xxxxxxxxx Question xxxx Opening xxxxxxxxx retail xxxxxx purchases xxx nbsp xxxx Net xxxxx Markdowns xxxxxxxx discounts xxxxxx Deductions xxxx nbsp xxxxxxx book xxxxxxxxx Question xxxx Cost xxxxxx Opening xxxxxxxxx Gross xxxxxxxxx Returns xx vendors xxx purchase xxxx nbsp xxxxxxx nbsp xxxx TMH xxxx nbsp xxxx Gross xxxxx nbsp xxxx Customer xxxxxxx nbsp xxxx Net xxxxx nbsp xxxx Markdowns xxxx nbsp xxxxxx Deduction xxxx nbsp xxxxxxx book xxxxxxxxx nbsp xxxx Shortage xxx overagesQuestion xxxxxxx book xxxxxxxxxxxxxxxxx inventoryShortage xxxxxxx Shortage xx Overage xxxxxxxx nbsp xxxx nbsp xxxx Shortage xxx sales xxxxxxxx nbsp xxxx nbsp xxxx Question xxxx Additions xxxxxx Reductions xxxxxx nbsp xxxx nbsp xxxx Purchases xxx sales xxxx nbsp xxxx nbsp xxxx nbsp xxxxxxx to xxxxxxx nbsp xxxx nbsp xxxx nbsp xxxx nbsp xxxxxxxxx nbsp xxxx nbsp xxxx nbsp xxxx Employee xxxx nbsp xxxx nbsp xxxx nbsp xxxx Transfers xx nbsp xxxx nbsp xxxx Totals xxxx nbsp xxxx nbsp xxxx nbsp xxxx nbsp xxxx nbsp xxxx nbsp xxxx nbsp xxxxxxx Book xxxx nbsp xxxx nbsp xxxx nbsp xxxxxxxxx Additions xxxx nbsp xxxx nbsp xxxx nbsp xxxxxxxxxxx nbsp xxxx nbsp xxxx nbsp xxxx Closing xxxx inventory xxxx nbsp xxxx nbsp xxxx nbsp xxxx nbsp xxxx nbsp xxxx nbsp xxxx nbsp xxxxxxx book xxxxxxxxx nbsp xxxx Physical xxxxxxxxx nbsp xxxx Shortage xxxxxxx Shortage xx Overage xxxx nbsp xxxx nbsp xxxx overage xxxx nbsp xxxx nbsp xxxx nbsp xxxx nbsp xxxxxxx nbsp xxxx Net xxxxx nbsp xxxx Overage xxxx nbsp xxxx nbsp xxxx nbsp xxxx nbsp xxxx Question xxxx Additions xxxxxx Reductions xxxxxx nbsp xxxx nbsp xxxx Purchases xxx sales xxxx nbsp xxxx nbsp xxxx nbsp xxxxxxxxx nbsp xxxx nbsp xxxx nbsp xxxx Employee xxxx nbsp xxxx nbsp xxxxxx nbsp xxxx nbsp xxxx nbsp xxxx nbsp xxxx nbsp xxxx nbsp xxxx nbsp xxxx Opening xxxx Inventory xxxx nbsp xxxx nbsp xxxx nbsp xxxxxxxxx nbsp xxxx nbsp xxxx nbsp xxxx -Reductions xxxx nbsp xxxx nbsp xxxx nbsp xxxxxxx book xxxxxxxxx nbsp xxxx nbsp xxxx nbsp xxxx nbsp xxxx nbsp xxxx nbsp xxxx nbsp xxxx Closing xxxx inventory xxxx nbsp xxxxxxxx inventory xxxx nbsp xxxxxxxx Overage xxxxxxxx or xxxxxxx nbsp xxxx nbsp xxxx nbsp xxxxxxx nbsp xxxx nbsp xxxx nbsp xxxx nbsp xxxx Overage xxxx nbsp xxx sales xxxx nbsp xxxxxxx nbsp xxxx nbsp xxxx nbsp xxxx nbsp xxxx nbsp xxxxxxxx nbsp xxxxxxxxx Retail xxxxxxxxxx Retail xxxx nbsp xxxx nbsp xxxxxxxxx Net xxxxx nbsp xxxx nbsp xxxx nbsp xxxx Vendor xxxxxx nbsp xxxx nbsp xxxx nbsp xxxx Transfer xx branches xxxx nbsp xxxx nbsp xxxx nbsp xxxxxxxxx nbsp xxxx nbsp xxxx nbsp xxxx Employee xxxx nbsp xxxx nbsp xxxxxx nbsp xxxx nbsp xxxx nbsp xxxx nbsp xxxx nbsp xxxx nbsp xxxx nbsp xxxx Opening xxxx Inventory xxxx nbsp xxxx nbsp xxxx nbsp xxxxxxxxx nbsp xxxx nbsp xxxx nbsp xxxx -Reductions xxxx nbsp xxxx nbsp xxxx nbsp xxxxxxx book xxxxxxxxx nbsp xxxx nbsp xxxx nbsp xxxx nbsp xxxx nbsp xxxx nbsp xxxx nbsp xxxx Closing xxxx inventory xxxx nbsp xxxxxxxx inventory xxxx nbsp xxxxxxxx Overage xxxxxxxx or xxxxxxx nbsp xxxx nbsp xxxx nbsp xxxxxxxx nbsp xxxx nbsp xxxx nbsp xxxx nbsp xxxx Shortage xxxx nbsp xxx sales xxxx nbsp xxxxxxxx nbsp xxxx nbsp x nbsp xxxx nbsp xxxx - xxxx nbsp xxxxxxxx Details xxxxxx book xxxxxxxxx physical xxxxxxxxx shortage xx inventory xxxx nbsp xxxxxxxx in xxxxxxx book xxxxxxxxx shortage xxxxxxxxxx opening xxxxxxxxx retail xxxxxxxx return xx vendors xxxxxxxx in xxxxxxxx out xxxxxxxxx net xxxxx customer xxxxxxx employee xxxxxxxxx book xxxxxxxxx Question x Additions xxxxxx Reductions xxxxxx nbsp xxxx nbsp xxxx Purchases xxx sales xxxx nbsp xxxx nbsp xxxx nbsp xxxxxxxxx nbsp xxxx nbsp xxxxx nbsp xxxx nbsp xxxx nbsp xxxx nbsp xxxx nbsp xxxx nbsp xxxx nbsp xxxx nbsp xxxx nbsp xxxx nbsp xxxx nbsp xxxx nbsp xxxx nbsp xxxx nbsp xxxx Opening xxxx Inventory xxxx nbsp xxxx nbsp xxxx nbsp xxxxxxxxx nbsp xxxx nbsp xxxx nbsp xxxx -Reductions xxxx nbsp xxxx nbsp xxxx nbsp xxxxxxx book xxxxxxxxx nbsp xxxx nbsp xxxx nbsp xxxx nbsp xxxx nbsp xxxx nbsp xxxx nbsp x Closing xxxx inventory xxxx nbsp xxxxxxxx inventory xxxx nbsp xxxxxxxx Overage xxxxxxxx or xxxxxxx nbsp xxxx nbsp xxxx nbsp xxxxxxx nbsp xxxx nbsp xxxx nbsp xxxx nbsp x overage xxxx nbsp xxx sales xxxx nbsp xxxxxxx nbsp xxxx nbsp xxxx nbsp xxxx nbsp xxxx nbsp xxxxxxxxxx QuestionsQuestion xxxx Opening xxxxxxxxx retail xxxxxx purchases xxxxxx to xxxxxx TMH xxxx nbsp xxx sales xxxxxxxxx Employee xxxxxxxxx customer xxxxxxx Retail xxxxxxxxxx nbsp xxxx Closing xxxx inventory xxxxxxxx nbsp xxxxxxx inventory xxxxxx Retail xxxxxxxxx TMH xxxx nbsp xxx sales xxxxxxxxx Retail xxxxxxxxxx nbsp xxxx Closing xxxx inventory xxxxxxxx nbsp xxxxxxx inventory xxxxxx Retail xxxxxxxxx freight xxx nbsp xxxx Net xxxxx employee xxxxxxxx Retail xxxxxxxxxx nbsp xxxx Closing xxxx inventoryMore Articles From Finance
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