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Presented below is information related to Ayayai Inc. Cost Retail Inventory, 12/31/25 $246,200 $394,300 Purchases 951,116 1,478,700 Purchase returns 60,000 80,300 Purchase discounts 18,300
Presented below is information related to Ayayai Inc. Cost Retail Inventory, 12/31/25 $246,200 $394,300 Purchases 951,116 1,478,700 Purchase returns 60,000 80,300 Purchase discounts 18,300 Gross sales revenue - 1,426,200 Sales returns 97,300 Markups 119,800 Markup cancellations Markdowns Markdown cancellations 40,700 45,800 20,000 Freight-in 41,500 Employee discounts granted 8,100 Loss from breakage (normal) 4,600 Assuming that Ayayai Inc. uses the conventional retail inventory method, compute the cost of its ending inventory at December 31, 2026. Ending inventory using the conventional retail inventory method +A
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