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Retail inventory chart please find the values of the boxes

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Retail inventory chart: Please find the values of the boxes with question marks, and build a chart for each method that shows beginning inventory, net purchases, net markup, net markdown, goods available for sale, sales, ending inventory

1) Conventional:


 Cost Retail
Beginning Inventory 190,000 280,000
Net Purchases 608,000 840,000
Net Markups
?
Cost-to-Retail percent 70%
Net Markdowns
4,000
Net sales
?
Ending Inventory 235,200 336,000

2) Average:


 Cost Retail
Beginning Inventory ? 50,000
Net Purchases 20,760 ?
Net Markups
1,200
Cost-to-Retail percent ?
Net Markdowns
800
Net Sales
31,000
Ending Inventory 34,680 51,000

3) LIFO:


 Cost Retail
Beginning Inventory 160,000 280,000
Net Purchases 599,200 840,000
Net Markups
20,000
Cost-to-Retail percent 70%
Net Markdowns
4,000
Net Sales
?
Ending Inventory ? 316,000

Reference no: EM13589971

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