Almaden Valley Variety Store uses the retail Inventory method to estimate ending Inventory and cost...

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Almaden Valley Variety Store uses the retail Inventory method to estimate ending Inventory and cost of goods sold. Data for 2021 are as follows: Cont $ 30.000 120,600 2.230 4.000 Retail $ 30.000 183,000 Beginning inventory Purchases Preight-in Purchase returns Net Darkups Net markdowns Normal spoilage Net sales Bock 10,500 15,000 12.000 6,000 170,000 eferences Required: Complete the table below to estimate the ending inventory and cost of goods sold for 2021, applying the conventional retail method using the information provided. Cost Retall Cost-to-Retail Beginning inventory Plus: Purchases Freight-in Logs Purchase returns Plus Net markups Loss: Not markdowns Goods avelable for sale Cost to rota il percentage Required: Complete the table below to estimate the ending Inventory and cost of goods sold for 2021, applying the conventional retail method using the information provided. Cost-to-Retail Ratio S $ Cost 30,000 120,600 2.230 4,000 Retail 38,000 183,000 Beginning inventory Pus: Purchases Freight-in Less: Purchase returns Plus: Not markups 10,500 15,000 225,500 12015 Less: Not markdowns Goods available for sale 148,830 213,500 Cost-to-retail percentage 170.000 Loss: Normal spolago Loss: Net sales Estimated ending inventory at retail Estimated ending inventory of cost Estimated cost of goods sold

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