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Exercise 9-21 Presented below is information related to Stellar Company Cost Retail Beginning inventory Purchases Markups Markup cancellations Markdowns Markdown cancellations Sales revenue $282,000 1,353,000
Exercise 9-21 Presented below is information related to Stellar Company Cost Retail Beginning inventory Purchases Markups Markup cancellations Markdowns Markdown cancellations Sales revenue $282,000 1,353,000 2,150,000 96,700 16,500 33,200 4,600 2,206,000 $380,418 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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