New York Sales Inc Uses The Convention Retail Method To Estimate Its Ending Inve

New York Sales Inc. uses the convention retail method to estimate its ending inventories. The following data has been summarized for Dec 31, 2009:Retail160,000 538,000 12,0009,100582,00077,285 Compute the cost to retail percentage used by New York Sales Inc.

Ending inventory at Retail = Goods Available at Retail + Net Mark ups – Net Markdowns – Net sales at RetailEnding Inventory (at cost) = Ending Inventory (at Retail) X Cost to Retail RatioThus,…

Stuck With A Lot Of Homework Assignments And Feeling Stressed ? Take Professional Academic Assistance & Get 100% Plagiarism Free Papers

Get Help By Expert

For students who are struggling with essay writing, we can be a lifesaver. We offer essay writing help for students of all levels, from elementary school to college. Our team of experienced assignment writers can help you with any type of essay, from persuasive essays to comparative essays. So if you're struggling with essay writing, don't hesitate to contact us for assistance.


Looking For Plagiarism Free Answers For Your College/ University Assignments.