Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. dollar dress shops inventory at a cost on january

dollar dress shops inventory at a cost on january 1 was $82800. its retail value...

90.2K

Verified Solution

Question

Accounting

dollar dress shops inventory at a cost on january 1 was $82800. its retail value was $87500. During the year . Dollar purchased additional merchandise at a cost of $300000 with a retail value pf $325000. The net sales at retail for the year were $295,000. calculate dollars inventory at cost by retail method

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

General Management
1.2K views

AGE and TRAINS Andrew Gilbert Edwards (AGE) a Native-American employed-at-will had been a commuter train operator...

Biology
1.2K views

Lithe and young she made him ruddy with the sun his jaw line clean the...

Physics
1.2K views

24 Initially switch remains in position 1 for long Now it is turned to position...

Geometry
1.2K views

QUESTION For each triangle check all that apply Triangle A 60 000 60d Scalene Isosceles...

Basic Math
1.2K views

Since January 1980 the population of the city of Brownville has grown according to the...

Basic Math
1.2K views

A 1.000-g sample of chromium metal reacted with oxygen gas to give 1.462 g of...

Statistics
1.2K views

A casino claims that its roulette wheel is truly random What should that claim mean...

Algebra
1.2K views

Which best describes the types of zeros for the polynomial function f x f x...

Algebra
1.2K views

Ther following system of inequalities shows the feasible values that will make a profit for...

Accounting
1.2K views

Financial data for Stirling, Inc., for last year are as follows: Stirling, Inc Balance Sheet...

Accounting
1.2K views

The matching principle requires that warranty expense be incurred in the same period that the...

Accounting
1.2K views

Exercise 25-6 Lewis Company's standard labor cost of producing one unit of Product DD is...