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Andee Company uses the conventional retail inventory method. Cost Retail Beginning Inventory $10233 $25,757 Net Purchases $50000 $147,155 Freight-In $2355 Net Markups $5,246 Net Markdowns
Andee Company uses the conventional retail inventory method.
Cost | Retail | |
Beginning Inventory | $10233 | $25,757 |
Net Purchases | $50000 | $147,155 |
Freight-In | $2355 | |
Net Markups | $5,246 | |
Net Markdowns | $24,944 | |
Spoilage | $300 | |
Theft | $19,392 | |
Employee Discounts | $1,376 | |
Sales | $32,344 |
What is the value of ending inventory at cost?
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