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Presented below is information related to Stellar Company. Cost $ 60,390 125,010 Beginning inventory Purchases (net) Net markups Net markdowns Sales revenue Retail $98,000 212,000 10,578 25.795 193,510 (a) Your answer is correct. Compute the ending inventory at retail. Ending inventory $ 101273 Your answer is correct. Compute the ending inventory at retail. Ending inventory $ 101273 e Textbook and Media Attempts: 1 of 5 used (b) Your answer is correct. Compute a cost-to-retail percentage under the following conditions. (Round ratios to 2 decimal places, e.g. 78.74%) Cost-to-retail percentage (1) Excluding both markups and markdowns. 59.80 Compute a cost-to-retail percentage under the following conditions. (Round ratios to 2 decimal places, e.g. 78.74%) Cost-to-retail percentage (1) Excluding both markups and markdowns. 59.80 (2) Excluding markups but including markdowns. 65.23 % (3) Excluding markdowns but including markups. 57.83 % (4) Including both markdowns and markups. 62.89 % e Textbook and Media Attempts: 2 of 5 used (c) Your answer is correct. Which of the methods in (b) above does the following? (1) Provides the most conservative estimate of ending inventory. Excluding Markdowns but Including Markups Which of the methods in (b) above does the following? (1) Provides the most conservative estimate of ending inventory. Excluding Markdowns but Including Markups (2) Provides an approximation of lower-of-cost-or-market. Excluding Markdowns but Including Markups (3) Is used in the conventional retail method. Excluding Markdowns but Including Markups e Textbook and Media Attempts: 2 of 5 used (d) Compute ending inventory at lower-of-cost-or-market. (Round ratio to 2 decimal places, e.g. 78.74% and final answer to 0 decimal places, e.g. 6,225.) Ending inventory $ e Textbook and Media Save for Later Attempts: 0 of 5 used Submit Answer Compute ending inventory at lower-of-cost-or-market. (Round ratio to 2 decimal places, e.g. 78.74% and final answer to 0 decimal places, eg. 6,225.) Ending inventory $ e Textbook and Media Save for Later Attempts: 0 of 5 used Submit Answer (e) The parts of this question must be completed in order. This part will be available when you complete the part above. (f) The parts of this question must be completed in order. This part will be available when you complete the part above

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