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Presented below is information related to Blue Company. Beginning inventory Purchases Markups Markup cancellations Markdowns Markdown cancellations Sales revenue Cost $103,820 1,402,000 Retail $278,000 2,152,000
Presented below is information related to Blue Company. Beginning inventory
Purchases
Markups
Markup cancellations
Markdowns
Markdown cancellations
Sales revenue
Cost
$103,820
1,402,000
Retail
$278,000
2,152,000
93,600
13,900
34,600
5,000
2,206,000
Compute the inventory by the conventional retail inventory method.
Ending inventory using conventional retail inventory method
$
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