Homework 10: Ch4 Cost Retail Opening Inventory $ 421,623.00 4,156 Purchases $ 356,213.00 1,000 Freight $ 9,120.00 Transfer Ins $ 3,500.00 ,420 Transfer Outs $ 3,100.00 ,120 Returns to Vendor $ 14,350.00 ,500 Gross Sales 0,400 Customer Returns ,000 Markdowns ,100 Employee Discounts ,400 Alteration Costs 0 Cash Discounts ,- Calculate Maintained Markup% and Gross Margin% given the following figures: 2- Calculate Maintained Markup% and Gross Margin% given the following figures: COST RETAIL Opening Inventory ,000 ,000 Gross Purchases ,000 ,000 Returns to Vendor 0 0 Transfer Ins ,200

Homework 10 Ch4costretailopening Inventory 42162300754156pur

Homework 10: Ch4 Cost Retail Opening Inventory $ 421,623.00 $754,156 Purchases $ 356,213.00 $601,000 Freight $ 9,120.00 Transfer Ins $ 3,500.00 $6,420 Transfer Outs $ 3,100.00 $6,120 Returns to Vendor $ 14,350.00 $22,500 Gross Sales $820,400 Customer Returns $34,000 Markdowns $89,100 Employee Discounts $8,400 Alteration Costs $300 Cash Discounts $1,- Calculate Maintained Markup% and Gross Margin% given the following figures: 2- Calculate Maintained Markup% and Gross Margin% given the following figures: COST RETAIL Opening Inventory $60,000 $80,000 Gross Purchases $45,000 $65,000 Returns to Vendor $400 $800 Transfer Ins $1,200 $2,500 Transfer Outs $2,000 $2,100 Freight $600 Markdowns $6,000 Gross Sales $65,000 Customer Returns $8,000 Employee Discounts $500 Cash Discounts $1,000 Alteration Costs $- Calculate: (a) cumulative markup % (b) maintained markup % (c) gross margin % Given: Cost Retail Opening inventory $ 32,528 $ 51,800 Gross purchases 16,000 33,460 Returns to vendors 590 1,020 Transfers in 1,200 2,350 Transfers out 1,280 2,525 Freight 790 Markdowns 5,340 Gross sales 35,680 Customer returns 3,640 Employee discounts 250 Cash discounts $875 Alteration costs - Calculate: (a) cumulative markup %; (b) maintained markup %; (c) gross margin % Given: Cost Retail Opening inventory $17,500 $51,000 Gross purchase $25,000 $63,500 Return to vendors $380 $535 Transfer in $1,250 $2,050 Transfer out $980 $1,730 Freight $650 Gross sales $81,500 Customer returns $2,000 Employee discounts $630 Markdowns $4,300 Cash discounts $1,050 Alteration costs $300 · First Review 2 Examples provided in this module for calculating MMU% and GM% (I’ve provided a picture sample instead · Then use steps in the videos to complete these 4 problems : Problem Given on Word Document Actions · ** Submit complete steps. I encourage you to use Excel skills to complete these problems Video

,500 Transfer Outs

Homework 10 Ch4costretailopening Inventory 42162300754156pur

Homework 10: Ch4 Cost Retail Opening Inventory $ 421,623.00 $754,156 Purchases $ 356,213.00 $601,000 Freight $ 9,120.00 Transfer Ins $ 3,500.00 $6,420 Transfer Outs $ 3,100.00 $6,120 Returns to Vendor $ 14,350.00 $22,500 Gross Sales $820,400 Customer Returns $34,000 Markdowns $89,100 Employee Discounts $8,400 Alteration Costs $300 Cash Discounts $1,- Calculate Maintained Markup% and Gross Margin% given the following figures: 2- Calculate Maintained Markup% and Gross Margin% given the following figures: COST RETAIL Opening Inventory $60,000 $80,000 Gross Purchases $45,000 $65,000 Returns to Vendor $400 $800 Transfer Ins $1,200 $2,500 Transfer Outs $2,000 $2,100 Freight $600 Markdowns $6,000 Gross Sales $65,000 Customer Returns $8,000 Employee Discounts $500 Cash Discounts $1,000 Alteration Costs $- Calculate: (a) cumulative markup % (b) maintained markup % (c) gross margin % Given: Cost Retail Opening inventory $ 32,528 $ 51,800 Gross purchases 16,000 33,460 Returns to vendors 590 1,020 Transfers in 1,200 2,350 Transfers out 1,280 2,525 Freight 790 Markdowns 5,340 Gross sales 35,680 Customer returns 3,640 Employee discounts 250 Cash discounts $875 Alteration costs - Calculate: (a) cumulative markup %; (b) maintained markup %; (c) gross margin % Given: Cost Retail Opening inventory $17,500 $51,000 Gross purchase $25,000 $63,500 Return to vendors $380 $535 Transfer in $1,250 $2,050 Transfer out $980 $1,730 Freight $650 Gross sales $81,500 Customer returns $2,000 Employee discounts $630 Markdowns $4,300 Cash discounts $1,050 Alteration costs $300 · First Review 2 Examples provided in this module for calculating MMU% and GM% (I’ve provided a picture sample instead · Then use steps in the videos to complete these 4 problems : Problem Given on Word Document Actions · ** Submit complete steps. I encourage you to use Excel skills to complete these problems Video

,000

Homework 10 Ch4costretailopening Inventory 42162300754156pur

Homework 10: Ch4 Cost Retail Opening Inventory $ 421,623.00 $754,156 Purchases $ 356,213.00 $601,000 Freight $ 9,120.00 Transfer Ins $ 3,500.00 $6,420 Transfer Outs $ 3,100.00 $6,120 Returns to Vendor $ 14,350.00 $22,500 Gross Sales $820,400 Customer Returns $34,000 Markdowns $89,100 Employee Discounts $8,400 Alteration Costs $300 Cash Discounts $1,- Calculate Maintained Markup% and Gross Margin% given the following figures: 2- Calculate Maintained Markup% and Gross Margin% given the following figures: COST RETAIL Opening Inventory $60,000 $80,000 Gross Purchases $45,000 $65,000 Returns to Vendor $400 $800 Transfer Ins $1,200 $2,500 Transfer Outs $2,000 $2,100 Freight $600 Markdowns $6,000 Gross Sales $65,000 Customer Returns $8,000 Employee Discounts $500 Cash Discounts $1,000 Alteration Costs $- Calculate: (a) cumulative markup % (b) maintained markup % (c) gross margin % Given: Cost Retail Opening inventory $ 32,528 $ 51,800 Gross purchases 16,000 33,460 Returns to vendors 590 1,020 Transfers in 1,200 2,350 Transfers out 1,280 2,525 Freight 790 Markdowns 5,340 Gross sales 35,680 Customer returns 3,640 Employee discounts 250 Cash discounts $875 Alteration costs - Calculate: (a) cumulative markup %; (b) maintained markup %; (c) gross margin % Given: Cost Retail Opening inventory $17,500 $51,000 Gross purchase $25,000 $63,500 Return to vendors $380 $535 Transfer in $1,250 $2,050 Transfer out $980 $1,730 Freight $650 Gross sales $81,500 Customer returns $2,000 Employee discounts $630 Markdowns $4,300 Cash discounts $1,050 Alteration costs $300 · First Review 2 Examples provided in this module for calculating MMU% and GM% (I’ve provided a picture sample instead · Then use steps in the videos to complete these 4 problems : Problem Given on Word Document Actions · ** Submit complete steps. I encourage you to use Excel skills to complete these problems Video

,100 Freight 0 Markdowns ,000 Gross Sales ,000 Customer Returns ,000 Employee Discounts 0 Cash Discounts ,000 Alteration Costs $- Calculate: (a) cumulative markup % (b) maintained markup % (c) gross margin % Given: Cost Retail Opening inventory $ 32,528 $ 51,800 Gross purchases 16,000 33,460 Returns to vendors 590 1,020 Transfers in 1,200 2,350 Transfers out 1,280 2,525 Freight 790 Markdowns 5,340 Gross sales 35,680 Customer returns 3,640 Employee discounts 250 Cash discounts 5 Alteration costs - Calculate: (a) cumulative markup %; (b) maintained markup %; (c) gross margin % Given: Cost Retail Opening inventory ,500 ,000 Gross purchase ,000 ,500 Return to vendors 0 5 Transfer in ,250

Homework 10 Ch4costretailopening Inventory 42162300754156pur

Homework 10: Ch4 Cost Retail Opening Inventory $ 421,623.00 $754,156 Purchases $ 356,213.00 $601,000 Freight $ 9,120.00 Transfer Ins $ 3,500.00 $6,420 Transfer Outs $ 3,100.00 $6,120 Returns to Vendor $ 14,350.00 $22,500 Gross Sales $820,400 Customer Returns $34,000 Markdowns $89,100 Employee Discounts $8,400 Alteration Costs $300 Cash Discounts $1,- Calculate Maintained Markup% and Gross Margin% given the following figures: 2- Calculate Maintained Markup% and Gross Margin% given the following figures: COST RETAIL Opening Inventory $60,000 $80,000 Gross Purchases $45,000 $65,000 Returns to Vendor $400 $800 Transfer Ins $1,200 $2,500 Transfer Outs $2,000 $2,100 Freight $600 Markdowns $6,000 Gross Sales $65,000 Customer Returns $8,000 Employee Discounts $500 Cash Discounts $1,000 Alteration Costs $- Calculate: (a) cumulative markup % (b) maintained markup % (c) gross margin % Given: Cost Retail Opening inventory $ 32,528 $ 51,800 Gross purchases 16,000 33,460 Returns to vendors 590 1,020 Transfers in 1,200 2,350 Transfers out 1,280 2,525 Freight 790 Markdowns 5,340 Gross sales 35,680 Customer returns 3,640 Employee discounts 250 Cash discounts $875 Alteration costs - Calculate: (a) cumulative markup %; (b) maintained markup %; (c) gross margin % Given: Cost Retail Opening inventory $17,500 $51,000 Gross purchase $25,000 $63,500 Return to vendors $380 $535 Transfer in $1,250 $2,050 Transfer out $980 $1,730 Freight $650 Gross sales $81,500 Customer returns $2,000 Employee discounts $630 Markdowns $4,300 Cash discounts $1,050 Alteration costs $300 · First Review 2 Examples provided in this module for calculating MMU% and GM% (I’ve provided a picture sample instead · Then use steps in the videos to complete these 4 problems : Problem Given on Word Document Actions · ** Submit complete steps. I encourage you to use Excel skills to complete these problems Video

,050 Transfer out 0 ,730 Freight 0 Gross sales ,500 Customer returns

Homework 10 Ch4costretailopening Inventory 42162300754156pur

Homework 10: Ch4 Cost Retail Opening Inventory $ 421,623.00 $754,156 Purchases $ 356,213.00 $601,000 Freight $ 9,120.00 Transfer Ins $ 3,500.00 $6,420 Transfer Outs $ 3,100.00 $6,120 Returns to Vendor $ 14,350.00 $22,500 Gross Sales $820,400 Customer Returns $34,000 Markdowns $89,100 Employee Discounts $8,400 Alteration Costs $300 Cash Discounts $1,- Calculate Maintained Markup% and Gross Margin% given the following figures: 2- Calculate Maintained Markup% and Gross Margin% given the following figures: COST RETAIL Opening Inventory $60,000 $80,000 Gross Purchases $45,000 $65,000 Returns to Vendor $400 $800 Transfer Ins $1,200 $2,500 Transfer Outs $2,000 $2,100 Freight $600 Markdowns $6,000 Gross Sales $65,000 Customer Returns $8,000 Employee Discounts $500 Cash Discounts $1,000 Alteration Costs $- Calculate: (a) cumulative markup % (b) maintained markup % (c) gross margin % Given: Cost Retail Opening inventory $ 32,528 $ 51,800 Gross purchases 16,000 33,460 Returns to vendors 590 1,020 Transfers in 1,200 2,350 Transfers out 1,280 2,525 Freight 790 Markdowns 5,340 Gross sales 35,680 Customer returns 3,640 Employee discounts 250 Cash discounts $875 Alteration costs - Calculate: (a) cumulative markup %; (b) maintained markup %; (c) gross margin % Given: Cost Retail Opening inventory $17,500 $51,000 Gross purchase $25,000 $63,500 Return to vendors $380 $535 Transfer in $1,250 $2,050 Transfer out $980 $1,730 Freight $650 Gross sales $81,500 Customer returns $2,000 Employee discounts $630 Markdowns $4,300 Cash discounts $1,050 Alteration costs $300 · First Review 2 Examples provided in this module for calculating MMU% and GM% (I’ve provided a picture sample instead · Then use steps in the videos to complete these 4 problems : Problem Given on Word Document Actions · ** Submit complete steps. I encourage you to use Excel skills to complete these problems Video

,000 Employee discounts 0 Markdowns ,300 Cash discounts ,050 Alteration costs 0 · First Review 2 Examples provided in this module for calculating MMU% and GM% (I’ve provided a picture sample instead · Then use steps in the videos to complete these 4 problems : Problem Given on Word Document Actions · ** Submit complete steps. I encourage you to use Excel skills to complete these problems Video

Paper for above instructions

Homework 10: Cost Retail Calculation of Maintained Markup and Gross Margin

Introduction

Understanding the relationship between cost and retail pricing is crucial for any retail business. Markup percentages and gross margin percentages are vital metrics that can help determine a company's profitability and pricing effectiveness. This assignment encompasses several calculations related to cost, retail, and sales, taking into account factors like inventory, purchases, discounts, and returns. The following sections will detail the processes to calculate maintained markup percentage (MMU%) and gross margin percentage (GM%) based on the provided datasets.

Definitions and Formulas

1. Cumulative Markup Percentage (CMU%): This measures the markup on the cost price of inventory, taking into account all purchasing activities.
\[
\text{CMU\%} = \left( \frac{\text{Total Retail - Total Cost}}{\text{Total Cost}} \right) \times 100
\]
2. Maintained Markup Percentage (MMU%): This measures the markup after considering returns, markdowns, and discounts but before direct costs like alterations and labor.
\[
\text{MMU\%} = \left( \frac{\text{Sales - Cost}}{\text{Sales}} \right) \times 100
\]
3. Gross Margin Percentage (GM%): This represents the percentage of revenue that exceeds the cost of goods sold (COGS).
\[
\text{GM\%} = \left( \frac{\text{Gross Profit}}{\text{Gross Sales}} \right) \times 100
\]
Where,
\[
\text{Gross Profit} = \text{Gross Sales} - \text{Cost of Goods Sold}
\]

Problem 1 Calculation

Given Figures:

- Cost: Open Inventory = 1,623; Purchases = 6,213; Freight = ,120; Transfers In =