FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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3
Presented below is information related to Ayayai Inc.
Inventory, 12/31/25
Purchases
Purchase returns
Purchase discounts
Gross sales (before employee discounts)
Sales returns
Markups
Markup cancellations
Markdowns
Markdown cancellations
Markdowns
Markdown cancellations
Freight-in
Employee discounts granted
Loss from breakage (normal)
Cost
$167.900
752,800
44,600
11.000
41,000
Retail
$282.000
1.238,000
73.200
1,237,000
53,400
74,800
15,400
87,000
19,200
87,000
19,200
11,700
8,100
Assuming that Ayayai Inc. uses the conventional retail inventory method, compute the cost of its ending inventory at December 31.
2026. (Round ratios for computational purposes to 0 decimal places, eg 78% and final answer to 0 decimal places, eg. 28,987.)
Ending inventory using the conventional retail inventory method $
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Transcribed Image Text:3 Presented below is information related to Ayayai Inc. Inventory, 12/31/25 Purchases Purchase returns Purchase discounts Gross sales (before employee discounts) Sales returns Markups Markup cancellations Markdowns Markdown cancellations Markdowns Markdown cancellations Freight-in Employee discounts granted Loss from breakage (normal) Cost $167.900 752,800 44,600 11.000 41,000 Retail $282.000 1.238,000 73.200 1,237,000 53,400 74,800 15,400 87,000 19,200 87,000 19,200 11,700 8,100 Assuming that Ayayai Inc. uses the conventional retail inventory method, compute the cost of its ending inventory at December 31. 2026. (Round ratios for computational purposes to 0 decimal places, eg 78% and final answer to 0 decimal places, eg. 28,987.) Ending inventory using the conventional retail inventory method $
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