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help me please Oriole uses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at cost (retail) were $393000
help me please
Oriole uses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at cost (retail) were $393000 (5597000), purchases $132000, sales during the current year totaled $3060000, and net markups (markdowns) were $75000 ($111000). What is the ending Inventory value at cost? Hint: Roum $587535 5061000. O $650415. $563955 ame the beginning inventory at cost (retail) were 5393000 ($597000), purchases during the current year at cost (retail) were $2115000 ($3060000), freight in on these purchases totaled were $75000 ($111000). What is the ending inventory value at cost? Hint: Round Intermediate calculation to 3 decimal places, 0.0.635 and finalanner to o decimal places Step by Step Solution
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