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Cost Retail
Beginning Inventory ₱ 30,000.00 ₱ 46,500.00
Purchases ₱ 55,000.00 ₱ 88,000.00
Less: Returns -₱ 2,000.00 -₱ 3,000.00
Add: Freight in ₱ 2,400.00
Net Purchases ₱ 85,400.00 ₱ 131,500.00
Markups ₱ 10,000.00
Markup Cancellation -₱ 1,500.00
GAS Conservative ₱ 85,400.00 ₱ 140,000.00
Cost Ratio 61.00%
Markdown -₱ 9,300.00
Markdown Cancellation ₱ 2,800.00
GAS Average ₱ 85,400.00 ₱ 133,500.00
Cost Ratio 75.24%
Less: Sales ₱ 95,000.00
Sales Return -₱ 2,000.00 ₱ 93,000.00
Ending inventory at retail ₱ 40,500.00

Conservative cost ₱ 24,705.00