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Please show work. Thanks! Problem 9-09 Presented below is information related to Riverbed Inc. Cost $250,500 875,910 61,100 17,600 Retail $391,100 1,488,200 78,700 Inventory, 12/31/20
Please show work. Thanks!
Problem 9-09 Presented below is information related to Riverbed Inc. Cost $250,500 875,910 61,100 17,600 Retail $391,100 1,488,200 78,700 Inventory, 12/31/20 Purchases Purchase returns Purchase discounts Gross sales revenue Sales returns Markups Markup cancellations Markdowns Markdown cancellations Freight-in Employee discounts granted Loss from breakage (normal) 1,414,700 98,000 118,700 39,800 44,900 20,100 42,400 8,000 4,000 Assuming that Riverbed Inc. uses the conventional retail inventory method, compute the cost of its ending inventory at December 31, 2021. (Round ratios for computational purposes to o decimal places, e.g 78% and final answer to 0 decimal places, e.g. 28,987.) Ending inventory using the conventional retail inventory method $Step by Step Solution
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