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Current Attempt in Progress The records of Sage's Boutique report the following data for the month of April Sales 100,000 Purchases (at cost) E44,600
Current Attempt in Progress The records of Sage's Boutique report the following data for the month of April Sales 100,000 Purchases (at cost) E44,600 38700 is Sales returns 2,000 Purchases (at sales price) 87,600 Markups 10,900 Purchase returns Cat cost) 2.000 not the Markup cancellations 1.500 Purchase returns (at sales price) 2,900 Markdowns 8.500 Beginning inventory (at cost) 29.200 true Markdown cancellations Freight on purchases 2.700 2.300 Beginning inventory (at sales price 48,400 answer Compute the ending inventory by the conventional retail inventory method. (Round ratios for computational purposes to O decimal places eg. 78% and final answer to 0 decimal places, eg. 28,987) Ending inventory using conventional retail inventory method
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