GRACE COMPANY

BEGINNING INVENTORY 500,000

ADD: NET PURCHASES 2,500,000
G.A.S. 3,000,000
COGS (P3,200,000 X 75%) 2,400,000
ENDING INVENTORY 600,000
PHYSICAL COUNTING BALANCE 575,000
MISSING INVENTORY 25,000

KEAN COMPANY

BEGINNING INVENTORY 5,000,000

ADD: PURCHASES 26,000,000
FREIGHT IN 2,000,000
LESS: PUR. RET. AND ALLOW. (3,500,000)
PUR. DIS. (1,500,000)
G.A.S. 28,000,000

SALES 40,000,000
SALES RETURN (3,000,000)
NET SALES 37,000,000
COST RATIO 60%
C.O.G.S. 22,200,000

AMOUNTS PERCENTAGES
NET SALES 37,000,000 100%
C.O.G.S. 22,200,000 60%
GROSS PROFIT 14,800,000 40%

G.A.S. 28,000,000 B.I.

C.O.G.S. 22,200,000 ADD:
ENDING INVENTORY 5,800,000
PHYSICAL COUNT (4,000,000) GAS
GOODS OUT ON CONSIGNMENT (600,000) LESS:
SHORTAGE 1,200,000 COGS

BRAVO COMPANY

A/R
BEG. BAL. 700,000 1,100,000 END. BAL.
CR. SALES 8,400,000 COLLECTION
700,000 9,500,000
8,800,000
 SALES ON CREDIT 8,800,000
CASH SALES 900,000
TOTAL SALES 9,700,000

BEG. INVENTORY 1,500,000

ADD: PURCHASES 5,500,000
G.A.S. 7,000,000
C.O.G.S 5,820,000
END. INVENTORY (LOSS) 1,180,000

EMPIRE COMPANY

C.O.G.S. (P3,000,000 X 70%) 2,100,000 1.

R.M. - BEG. 300,000

PURCHASES 1,000,000
FREIGT IN 100,000
R.M.A. FOR USE 1,400,000
R.M. - END. 600,000
R.M. USED 800,000
D.L. 800,000
M.O.H. 400,000
MANUFACTURING COST 2,000,000
G.I.P. - BEG. 1,000,000
TOTAL GOODS IN PROCESS 3,000,000
G.I.P. - END. 1,300,000 3.
C.O.G.M. 1,700,000 2.
F.G. - BEG. 1,400,000
G.A.S. 3,100,000
F.G. - END 1,000,000
C.O.G.S. 2,100,000

JANJAN COMPANY

COST RETAIL
BEGINNING INVENTORY 650,000 1,200,000
PURCHASES 9,000,000 14,700,000
FREIGHT IN 200,000
PUR. RET. (300,000) (500,000)
PUR. ALLOW. (150,000)
DEP. TRANS. IN 200,000 300,000
 MARK UP 400,000
MARK UP CANCELATION (100,000)
GOODS AVAILABLE - CONSERVATIVE 9,600,000 16,000,000
M.D. (1,200,000)
M.D. CANCELATION 200,000
GOODS AVAILABLE - AVERAGE 9,600,000 15,000,000
SALES (9,500,000)
EMPLOYEE DISCOUNT (500,000)
NORMAL SHOPLIFTING LOSS (600,000)
NORMAL SHRINKAGE (400,000)
ENDING INVENTORY IN RETAIL 4,000,000

DENVER COMPANY

COST RETAIL
BEGINNING INVENTORY 720,000 1,000,000
PURCHASES 4,080,000 6,300,000
NET MARK UPS 700,000
NET MARK DOWN (500,000)
GOODS AVAILABLE - AVERAGE 4,800,000 7,500,000
SALES (6,820,000)
EST. SHOPLIFTING LOSS (80,000)
ENDING INVENTORY IN RETAIL 600,000

AVE. COST RATIO (P4,800,000/P7,500,000) 64%

AVE. COST 384,000

DOMAIN COMPANY

BEG. INVENTORY 180,000

PURCHASES 6,000,000
PUR. RET. (300,000)
NET MARK UP 900,000
NET MARK DOWN (140,000)
ABNORMAL SHORTAGE (200,000)
G.A.S. - RETAIL 6,440,000
SALES (3,600,000)
SALES RETURN 90,000
EMPLOYEE DISCOUNT (80,000)
NORMAL SHORTAGE (130,000)
ENDING INVENTORY AT RETAIL 2,720,000

BOURNE COMPANY

COST RETAIL
 BEG. INVENTORY 1,650,000 2,200,000
NET PURCHASES 3,725,000 4,950,000
DEPARTMENTAL TRANSFER - CREDIT (200,000) (300,000)
NET MARK UP 150,000
MARK DOWN (P500,000 - P400,000) (100,000)
G.A.S. - RETAIL 5,175,000 6,900,000
SALES (4,000,000)
EMPLOYEE DISCOUNT (200,000)
INVENTORY SHORTAGE (100,000)
ENDING INVENTORY AT RETAIL 2,600,000

AVE. COST RATIO 75%

AVE. COST 1,950,000

GLOO COMPANY

COST RETAIL
BEGINNING INVENTORY 80% 1,200,000 1,500,000
NET PURCHASES 4,200,000 5,900,000
NET MARK UP 200,000
NET MARK DOWN (100,000)
NET PURCHASES 70% 4,200,000 6,000,000

G.A.S. 5,400,000 7,500,000

NET SALES (5,500,000)
FIFO ENDING 1,400,000 2,000,000

LIFO RETAIL METHOD

BEG. INVENTORY 1,200,000 1,500,000

INCREASE (P2,000,000 - P1,500,000) X 70% 350,000 500,000
LIFO ENDING INVENTORY 1,550,000 2,000,000
NET PURCHASES
FREIGHT IN
28,000,000
ENDING INVENTORY 5,800,000
22,200,000
CONSERVATIVE COST RATIO 60%
CONSERVATIVE COST 2,400,000 1.

AVE. COST RATIO 64%

AVE. COST 2,560,000 2.