The records of Sweet's Boutique report the following data for the month of April. Sales revenue...

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The records of Sweet's Boutique report the following data for the month of April. Sales revenue $101,000 Purchases (at cost) $45,800 Sales returns 1,800 Purchases (at sales price) 91,400 Markups 11,000 Purchase returns (at cost) 1,800 Markup cancellations 1,500 Purchase returns (at sales price) 2,700 Markdowns 9,900 Beginning inventory (at cost) 31,280 Markdown cancellations 2,600 Beginning inventory (at sales price) 50,800 Freight on purchases 2.200 Compute the ending inventory by the conventional retail inventory method. (Round answer to 0 decimal places, e.g. 28,987.) Ending inventory using conventional retail inventory method $ Presented below is information related to Skysong Company. Cost Retail Beginning inventory $186,032 $281,000 Purchases 1,393,000 2,147,000 Markups 93,500 Markup cancellations 15,100 Markdowns 37,000 Markdown cancellations 4,500 Sales revenue 2,236,000 Compute the inventory by the conventional retail inventory method. Ending inventory using conventional retail inventory method $ Marigold Company began operations on January 1, 2024, adopting the conventional retail inventory system. None of the company's merchandise was marked down in 2024 and, because there was no beginning inventory, its ending inventory for 2024 of $30,480 would have been the same under either the conventional retail system or the LIFO retail system. On December 31, 2025, the store management considers adopting the LIFO retail system and desires to know how the December 31, 2025, inventory would appear under both systems. All pertinent data regarding purchases, sales, markups, and markdowns are shown below. There has been no change in the price level. Cost Retail Inventory, Jan. 1, 2025 $30,480 $48,000 Markdowns (net) 10,400 Markups (net) 17,600 Purchases (net) 104,720 142,400 Sales (net) 133,600 Determine the cost of the 2025 ending inventory under both (a) the conventional retail method and (b) the LIFO retail method. (Round ratios for computational purposes to 2 decimal place, e.g. 78.72% and final answers to O decimal places, e.g. 28,987.) (a) Ending inventory using conventional retail method $ (b) Ending inventory LIFO retail method The records of Sweet's Boutique report the following data for the month of April. Sales revenue $101,000 Purchases (at cost) $45,800 Sales returns 1,800 Purchases (at sales price) 91,400 Markups 11,000 Purchase returns (at cost) 1,800 Markup cancellations 1,500 Purchase returns (at sales price) 2,700 Markdowns 9,900 Beginning inventory (at cost) 31,280 Markdown cancellations 2,600 Beginning inventory (at sales price) 50,800 Freight on purchases 2.200 Compute the ending inventory by the conventional retail inventory method. (Round answer to 0 decimal places, e.g. 28,987.) Ending inventory using conventional retail inventory method $ Presented below is information related to Skysong Company. Cost Retail Beginning inventory $186,032 $281,000 Purchases 1,393,000 2,147,000 Markups 93,500 Markup cancellations 15,100 Markdowns 37,000 Markdown cancellations 4,500 Sales revenue 2,236,000 Compute the inventory by the conventional retail inventory method. Ending inventory using conventional retail inventory method $ Marigold Company began operations on January 1, 2024, adopting the conventional retail inventory system. None of the company's merchandise was marked down in 2024 and, because there was no beginning inventory, its ending inventory for 2024 of $30,480 would have been the same under either the conventional retail system or the LIFO retail system. On December 31, 2025, the store management considers adopting the LIFO retail system and desires to know how the December 31, 2025, inventory would appear under both systems. All pertinent data regarding purchases, sales, markups, and markdowns are shown below. There has been no change in the price level. Cost Retail Inventory, Jan. 1, 2025 $30,480 $48,000 Markdowns (net) 10,400 Markups (net) 17,600 Purchases (net) 104,720 142,400 Sales (net) 133,600 Determine the cost of the 2025 ending inventory under both (a) the conventional retail method and (b) the LIFO retail method. (Round ratios for computational purposes to 2 decimal place, e.g. 78.72% and final answers to O decimal places, e.g. 28,987.) (a) Ending inventory using conventional retail method $ (b) Ending inventory LIFO retail method