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Marigold Inc. had beginning inventory of $13,200 at cost and $21,800 at retail. Net purchases were $105,360 at cost and $165,700 at retail. Net markups
Marigold Inc. had beginning inventory of $13,200 at cost and $21,800 at retail. Net purchases were $105,360 at cost and $165,700 at retail. Net markups were $10,100, net markdowns were $6,300, and sales revenue was $135,600. Compute ending inventory at cost using the conventional retail method. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answer to O decimal places, e.g. 28,987.) Ending inventory using the conventional retail method
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