Author Question: Becker Beverages Company had net sales of 320,000 for the year. The beginning inventory at retail ... (Read 123 times)

fnuegbu · **on:** Jun 24, 2018

Becker Beverages Company had net sales of 320,000 for the year. The beginning inventory at retail was 65,620, a mid-year inventory amounted to 60,800, and the ending inventory was 63,300. a. What was the average inventory for the year? b. What was the actual inventory turnover rate at retail for the year?

Question 2

Calculate the trade discount amount of merchandise with a list price of 5,000 less trade discounts of 40/20/15.
A) 2,960
B) 2,040
C) 3,750
D) 1,250