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Please help and show work!!!! Your answen incorrect. Try again. Presented below information related to Skysong Inc. Retail Cost Inventory, 12/31/17 $252,400 $388,200 Purchases 999,875
Please help and show work!!!!
Your answen incorrect. Try again. Presented below information related to Skysong Inc. Retail Cost Inventory, 12/31/17 $252,400 $388,200 Purchases 999,875 1,483,400 Purchase returns 59,000 81,400 Purchase discounts 18,400 Gross sales revenue 1,389,200 Sales returns 98,700 Markups 121,400 Markup cancellations 40,100 Markdowns 44,600 Markdown cancellations 20,300 Freight-in 41,600 Employee discounts granted 8,200 Loss from breakage (normal) 4,200 Assuming that Skysong Inc. uses the conventional retail inventory method, compute the cost decimal places, e.g 78% and final answer to 0 decimal places, e.g. 28,987.) f its ending inventory at December 31, 2018. (Round ratios for computational purposes to 0 Ending inventory using the conventional retail inventory method 369915Step by Step Solution
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