Part 2 Retail Inventory Method The records of Greene Company report the following data for the month of April. Sales $204,000 Purchases (at cost) $ 96,000 Sales returns 4,000 Purchases (at sales price) 176,000 Additional markups 20,000 Purchase returns (at cost) 4,000 Markup cancellations 3,000 Purchase returns (at sales price) 6,000 Markdowns 18,600 Beginning inventory (at cost) 60,000 Markdown cancellations 5,600 Beginning inventory (at sales price) 93,000 Freight on purchases 2,000