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Blossom Inc. had beginning inventory of $13,100 at cost and $21,600 at retail. Net purchases were $118,120 at cost and $186,700 at retail. Net markups
Blossom Inc. had beginning inventory of $13,100 at cost and $21,600 at retail. Net purchases were $118,120 at cost and $186,700 at retail. Net markups were $10,400, net markdowns were $7,100, and sales revenue was $153,000. Compute ending inventory at cost using the conventional retail method. (Round ratios for computational purposes to O decimal places, e.g. 78% and final answer to 0 decimal places, eg. 28,987.) Ending inventory using the conventional retail method $ he
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