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Beginning inventory $318,504 $279,000 Purchases 1,363,000 2,117,000 Markups 93,200 Markup cancellations 16,400 Markdowns 38,300 Markdown cancellations 5,500 Sales revenue 2,158,000 Compute the inventory by the

Beginning inventory $318,504 $279,000
Purchases 1,363,000 2,117,000
Markups 93,200
Markup cancellations 16,400
Markdowns 38,300
Markdown cancellations 5,500
Sales revenue

2,158,000

Compute the inventory by the conventional retail inventory method____________

Ending inventory using conventional retail inventory method______________

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