e9.21

ion related to Ricky Henders, f. Compute gross margin based on (d). E9.21 (LO5) (Retail Inventory Method) Presented below is information rela Company Cost Beginning inventory $ 200,000 - 1,375,000 Purchases Markups Markup cancellations Markdowns Markdown cancellations Sales revenue Instructions Compute the inventory by the conventional retail inventory method. Retail $ 280,000 2,140,000 95,000 15,000 35,000 5,000 2,200,000