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Exercise 9-22 The records of Pronghorn's Boutique report the following data for the month of April Sales revenue Sales returns Markups Markup cancellations Markdowns Markdown
Exercise 9-22 The records of Pronghorn's Boutique report the following data for the month of April Sales revenue Sales returns Markups Markup cancellations Markdowns Markdown cancellations Freight on purchases $106,300 2,100 10,100 1,700 9,800 Purchases (at cost) Purchases (at sales price) Purchase returns (at cost) Purchase returns (at sales price) Beginning inventory (at cost) $51,500 88,500 2,100 3,000 17,564 ,900 Beginning inventory (at sales price) 42,500 2,600 Compute the ending inventory by the conventional retail inventory method Round ratios for computational purposes to 0 decimal places, eg. 78% and final answer to 0 decimal places, eg. 28,987 Ending inventory using conventional retail inventory method Click if you would like to Show Work for this question: Open Show Work
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