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Presented below is information related to Blossom Company. Cost Retail Beginning inventory $201,000 $281,000 Purchases 1,430,000 2,145,000 Markups 95,100 Markup cancellations 14,900 Markdowns 35,100
Presented below is information related to Blossom Company. Cost Retail Beginning inventory $201,000 $281,000 Purchases 1,430,000 2,145,000 Markups 95,100 Markup cancellations 14,900 Markdowns 35,100 Markdown cancellations 4,900 Sales 2,260,000 Calculate the inventory by the retail inventory method. (Round the cost-to-retail ratio to 2 decimal places, e.g. 52.75% and final answer to O decimal places, e.g. 5,125.) Ending inventory at retail +A $
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