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Exercise 9-21 Presented below is information related to Whispering Company. Cost Retail Beginning inventory Purchases Markups Markup cancellations Markdowns Markdown cancellations Sales revenue $194,276 $276,000
Exercise 9-21 Presented below is information related to Whispering Company. Cost Retail Beginning inventory Purchases Markups Markup cancellations Markdowns Markdown cancellations Sales revenue $194,276 $276,000 1,368,000 2,164,000 93,900 14,100 32,800 5,000 2,239,000 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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