A retail store has three departments, S, T, and U, and does general advertising that benefits all departments. Advertising expense totaled $48,000 for the year, and departmental sales were as follows. Allocate advertising expenses to Department T based on departmental sales. (Do not round the intermediate calculations.) Department S $111,000 Department T 213,150 Department U 146,250 Total 470,400

Johnson Corporation had beginning inventory of 20,000 at cost and 35,000 at retail. During the year, it made net purchases of 180,000 at cost and 322,000 at retail. Johnson nude sales of 300,000. Assuming a price index of 100 at the beginning of the year and 110 at the end of the year, compute Johnsons ending inventory at cost using the dollar-value LIFO retail method.

The second picture would be guide or example.

The following information is available for the past year for a retail store: Sales $121,000 Sales Returns $1,000 Markups $11,000 Markup cancellations $1,000 Markdowns $9,000 Purchases (at cost) $40,000 Purchases (at retail) $90,000 Beginning inventory (at cost) $30,000​ Beginning inventory (at retail) $40,000​ What is the cost-to-retail ratio to estimate the cost of ending inventory using the conventional retail method? (Round cost-to-retail ratios to four decimal places.) Group of answer choices 53.85% 75% 58.33% 50%

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Oo.77. Subject :- Account

Journalizing multiple performance obligations and sales transactions Journalize the following sales transactions for Morris Supply. Explanations are not required.

please explain this problem and its answer

The home office ships merchandise to the branch at 25 percent above cost. Ifthe balance before closing in the Intracompany Inventory Profit account is66,000 and Shipments from Home Office amounted to 300,000, what was thecost of the branch's beginning inventory? A. P96,000B. P30,000C. P80,000D. P24,000

At the end of the year Stan Still Stationery Store had the following balances: Sales $485,000; Sales Discounts $2,540; Sales Returns and Allowances $14,280; Sales Salaries Expense $54,000. The Net Sales for the year are: Multiple Choice