The following data concerning the retail inventory method are taken from the financial records of sunland company. cost retail beginning inventory $ 194000 $ 269000 purchases 889000 124 freight-in 23400 — net markups — 81100 net markdowns — 56000 sales — 1304000 assuming no change in the price level if the lifo inventory method were used in conjunction with the data, the ending inventory at cost would be

$165,945.725 ≈ $165,946

Explanation:

Data provided in the question:

                                                  Cost                          Retail                

Beginning inventory             $194,000                   $269,000

Purchases                              889,000                    1,240,000

Freight-in                                23,400                            —

Net markups                            —                                    81,100

Net markdowns                       —                                  56,000

Sales                                        —                               1,304,000

Now,

The ending retail inventory

= Beginning inventory + Purchases + Net markups - Net markdowns - Sales

= $269,000 + $1,240,000 + $81,100 - $56,000 - $1,304,000

= $230,100

Thus,

ending inventory at cost

= [Beginning inventory cost ÷ Beginning inventory retail ] × ending retail inventory

= [ $194,000 ÷ $269,000 ] × $230,100

= $165,945.725 ≈ $165,946

net worth is the difference between what you own and what you have. if you exceed your liabilities you have a positive net worth. if your liabilities are greater than your assets you have a negative net worth. its a snapshot of your financial situation. if you calculate your net worth you will see the end result of everything you've earned and spent as of now. net worth statements and all you asked of can you determine where you are, how to get where you want to be, if your spending   to much. honestly it can tell you a lot of things. i can go on, but you can paint the picture from here.

explanation:

c

explanation: