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How to Be a Man

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Submitted By fadifji
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Problem 9-4 1. Average cost | Cost | Retail | Beginning inventory | | | Plus: Purchases | | | Freight-in | | | Less: Purchase returns | | | Plus: Net markups | | | Less: Net markdowns | | | Abnormal spoilage | | | Goods available for sale | | | Cost-to-retail percentage | | | Less: | | | Normal spoilage | | | Sales: | | | Net sales | | | Employee discounts | | | Estimated ending inventory at retail | | | Estimated ending inventory at cost | | | Estimated cost of goods sold | | | | | | 2. Conventional (average, LCM) | Cost | Retail | Beginning inventory | | | Plus: Purchases | | | Freight-in | | | Less: Purchase returns | | | Plus: Net markups | | | Less: Abnormal spoilage | | | | | | Cost-to-retail percentage | | | Less: Net markdowns | | | Goods available for sale | | | Less: | | | Normal spoilage | | | Sales: | | | Net sales | | | Employee discounts | | | Estimated ending inventory at retail | | | Estimated ending inventory at cost | | | Estimated cost of goods sold | | | | | |

Problem 9-6
Requirement 1

| | | | Cost | Retail | Beginning inventory | | | Plus: Purchases | | | Freight-in | | | Less: Purchase returns | | | Plus: Net markups | | | | | | Cost-to-retail percentage: | | | Less: Net markdowns | | | Goods available for sale | | | Less: | | | Normal spoilage | | | Net sales | | | Estimated ending inventory at retail | | | Estimated ending inventory at cost | | | | | |
Requirement 2

Problem

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