Sparrow Company uses the retail inventory method to estimate ending inventory and cost of goods sold. Data for 2021 are as follows: Cost Retail Beginning inventory $ 80,000 $ 170,000 Purchases 347,000 570,000 Freight-in 8,000 Purchase returns 6,000 10,000 Net markups 15,000 Net markdowns 11,000 Normal spoilage 2,000 Abnormal spoilage 3,705 7,000 Sales 530,000 Sales returns 9,000 The company records sales net of employee discounts. Employee discounts for 2021 totaled $3,000. Required:
1. Estimate Sparrowâs ending inventory and cost of goods sold for the year using the retail inventory method and the average cost application.
2. Estimate Sparrowâs ending inventory and cost of goods sold for the year using the retail inventory method and the conventional application.
(For all requirements, round Cost-to-retail percentage to two decimal places and final answers to whole dollars.)
Average Cost application
Estimated ending inventory at retail
Estimated ending inventory at co
Estimated cost of goods sold

Aeuropean aircraft producer has spent 15 years in developing a new aircraft that would potential threaten long-lasting boeing's dominance (monopoly) in the same class of aircrafts. the new european aircraft gets high marks on all performance measures except noise. because of the noise, the european producers management is concerned that the us government may impose restrictions which would forbid their aircraft to land in some of the american airports. without restrictions the estimated (present discounted) profit would be 125 million usd. with the restrictions the profit would only be 25 million usd. the chances of both outcomes are estimated to be 50-50. management must decide now whether to the cost of redesign program problem and a 60% chance it will fail. should the european aircraft producer start the noise redesign program if they do not have any redesign parts of the aircraft to solve the noise problem. is 25 million usd. there is a 40% chance that redesign will solve the noise additional information than mentioned above? draw the decision tree, indicate probabilities and outcomes of the events * imagine that the company could find out in advance the outcome of the u.s. government's e find the expected value of perfect information about the u.s. government's decision. decision. draw a new decision tree, indicate probabilities and outcomes of the events.