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Presented below is information related to Luzon SA. Cost Retail Beginning inventory R$58,000 R$100,000 Purchases...

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Accounting

Presented below is information related to Luzon SA.
Cost Retail
Beginning inventory R$58,000 R$100,000
Purchases (net) 122,000 200,000
Net markups 20,000
Net markdowns 30,000
Good available for sale 180,000 290,000
Sales 186,000
Ending inventory 104,000
Instructions
a. Compute the ending inventory at retail.
b. Compute a cost-to-retail percentage (round to two decimals) under the
following conditions.
1. Excluding both markups and markdowns.
2. Excluding markups but including markdowns.
3. Excluding markdowns but including markups.
4. Including both markdowns and markups.
c.Compute ending inventory at cost(round to nearest dollar)
1. Excluding both markups and markdowns.
2. Excluding markups but including markdowns.
3. Excluding markdowns but including markups.
4. Including both markdowns and markups.
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Presented below is information related to Luzon SA. Cost Retail Beginning inventory R$ 58,000 R$100,000 - Purchases (net) 122,000 200,000- Net markups 20,000 Net markdowns 30,000 Good available for sale 180,000 290,000- Sales 186,000- Ending inventory 104,000- Instructions a. Compute the ending inventory at retail.. b. Compute a cost-to-retail percentage (round to two decimals) under the following conditions. 1. Excluding both markups and markdowns. 2. Excluding markups but including markdowns. 3. Excluding markdowns but including markups. 4. Including both markdowns and markups. C. Compute ending inventory at cost(round to nearest dollar)- 1. Excluding both markups and markdowns. 2. Excluding markups but including markdowns. 3. Excluding markdowns but including markups. 4. Including both markdowns and markups

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