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Brief Exercise 9-10 Bramble Inc. had beginning inventory of $11,400 at cost and $19,500 at retail. Net purchases were $124,328 at cost and $169,900 at
Brief Exercise 9-10 Bramble Inc. had beginning inventory of $11,400 at cost and $19,500 at retail. Net purchases were $124,328 at cost and $169,900 at retail. Net markups were $10,200, net markdowns were $7,000, and sales revenue was $132,900. Compute ending inventory at cost using the conventional retail method. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28,987.)
Ending inventory using the conventional retail method $
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