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Brief Exercise 9-10 Nash Inc. had beginning inventory of $11,700 at cost and $20,700 at retail. Net purchases were $102,126 at cost and $155,700 at
Brief Exercise 9-10 Nash Inc. had beginning inventory of $11,700 at cost and $20,700 at retail. Net purchases were $102,126 at cost and $155,700 at retail. Net markups were $10,200, net markdowns were $7,400 and sales revenue was $138,600. 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 o decimal places, e.g. 28,987.) Ending inventory using the conventional retail method
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