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Cost Retail Beginning inventory 252,960 281,000 Purchases 1,368,000 2,097,000 Markups 93,700 Markup cancellations 15,700 Markdowns 36,900 Markdown cancellations 4,900 Sales revenue 2,243,000 Compute the inventory
| Cost | Retail | ||
| Beginning inventory | 252,960 | 281,000 | |
| Purchases | 1,368,000 | 2,097,000 | |
| Markups | 93,700 | ||
| Markup cancellations | 15,700 | ||
| Markdowns | 36,900 | ||
| Markdown cancellations | 4,900 | ||
| Sales revenue | 2,243,000 | ||
| Compute the inventory by the conventional retail inventory method. | |||
| Ending inventory using conventional retail inventory method? | |||
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Managerial Accounting
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
5th Edition
1264467206, 978-1264467204
