Exercise 9-19

Presented below is information related to Ricky Henderson Company.

Cost	Retail
Beginning inventory	$268,376	$294,300
Purchases	1,444,000	2,145,000
Markups	95,000
Markup cancellations	16,100
Markdowns	38,500
Markdown cancellations	7,700
Sales revenue	2,347,000

Compute the inventory by the conventional retail inventory method. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28,987.)

Ending inventory using conventional retail inventory method

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