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Cost Retail Beginning inventory $295,812 $275,000 Purchases 1,398,000 2,137,000 Markups 94,000 Markup cancellations 15,100 Markdowns 37.900 Markdown cancellations 4.800 Sales revenue 2.238.000 Compute the inventory
Cost Retail Beginning inventory $295,812 $275,000 Purchases 1,398,000 2,137,000 Markups 94,000 Markup cancellations 15,100 Markdowns 37.900 Markdown cancellations 4.800 Sales revenue 2.238.000 Compute the inventory by the conventional retail inventory method. (Round ratios for computational purposes to 0 decimal place 78% and final answer to O decimal places, e.g. 28,987.). $ 145429 Ending inventory using conventional retail inventory method
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