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I'm struggling to find the formula to use to find these values. Cost Retail Beginning inventory $56,640 $99,900 Purchases (net) 111,250 216,800 Net markups 10,119
I'm struggling to find the formula to use to find these values.
Cost Retail
Beginning inventory $56,640 $99,900
Purchases (net) 111,250 216,800
Net markups 10,119
Net markdowns 24,768
Sales revenue 173,490
Compute cost of goods sold based on (d)
Compute gross margin based on (d
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