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Claire Sweater Shop uses the retail inventory method to value its inventory.Its accounting records contain the following data for 2020: SalesP87,000 Sales discounts1,600 Sales returns3,100
Claire Sweater Shop uses the retail inventory method to value its inventory.Its accounting records contain the following data for 2020:
SalesP87,000
Sales discounts1,600
Sales returns3,100
Normal spoilage1,300
Employee discounts (sales to employee are
recorded at net)2,400
The adjusted sales amount for 2020 to be used in the retail inventory method would be
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