Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. csn you please put the answer in details ans highl

csn you please put the answer in details ans highlight the correct answes. ...

90.2K

Verified Solution

Question

Accounting

csn you please put the answer in details ans highlight the correct answes.
image
The records of Diskount Department Stores Inc. provided the following data for 20x5: $800,000 2,000 9,000 5,000 7,000 Sales (gross) Sales returns Additional markups Additional markup cancellations Markdowns Purchases: At retail At cost Purchase returns: At retail At cost Freight on purchases Beginning inventory: At retail At cost Markdown cancellations 850,000 459,500 4,000 2,200 7,000 80,000 45,000 3,000 Required: 1. Estimate the valuation of the ending inventory and cost of goods sold using the gross margin method. Last year's gross margin percentage was 51% Estimated cost of ending inventory Estimated cost of goods sold

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Geometry
1.2K views

X 17x 3 S 8 Given AMTW ABG T G 4x 3

Finance
1.2K views

There are many potential goals of a corporation, such as: minimize costs, maximize sales, maximize employment,...

Biology
1.2K views

As a researcher, you were asked to grow a cell in a medium containing radioactive nucleotides,...

Biology
1.2K views

In a Hardy-Weinberg population with two alleles, A and a, that are in equilibrium, the frequency...

Physics
1.2K views

23 The V graph of a conductor at two different temperatures is shown in figure...

Geometry
1.2K views

5 Determine if the following is a reflection a rotation or a translation O Reflection...

Basic Math
1.2K views

Which of the following statements is false?A. The parallel sides of an isosceles trapezold are...

Calculus
1.2K views

Evaluate 9 013x for x 4 When x 4 9 013x

Algebra
1.2K views

The graph of a function f x passes through the following points 0 2 1...

Accounting
1.2K views

At August 31,2025, A1 Nail Bar has this bank information: cash balance per...

Accounting
1.2K views

the difference between MASB and MIA?

Accounting
1.2K views

Emeril purchased a duplex for $225,000 ($25,000 included for the land) on January 1, 2022....