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Carla Vista Co. uses the conventional retail inventory method. The following information is available for the current year. Cost Retail Beginning inventory $319000 $491000 Purchases
Carla Vista Co. uses the conventional retail inventory method. The following information is available for the current year. Cost Retail Beginning inventory $319000 $491000 Purchases 1210000 1720000 Freight-in 24500 Employee discounts - 7800 Net markups 56000 Net markdowns 87000 Sales revenue - 1470000 24 The ending inventory at retail should be $702200 $789200. $724300. $757700
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