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Current Attempt in Progress The records of Bonita's Boutique report the following data for the month of April. Sales revenue $200,000 Purchases (at cost)
Current Attempt in Progress The records of Bonita's Boutique report the following data for the month of April. Sales revenue $200,000 Purchases (at cost) $94,000 Sales returns 4,200 Purchases (at sales price) 162,000 Additional markups 19,900 Purchase returns (at cost) 4,200 Markup cancellations 2,900 Purchase returns at sales price) 6,300 Markdowns 18,500 Beginning inventory (at cost) 55,359 Markdown cancellations: 5,600 Beginning inventory (at sales price) 86,000 Freight on purchases 2,300 Compute the ending inventory by the conventional retail inventory method. Ending inventory using conventional retail inventory method
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