Question
Presented below is information related to Marin, Inc. Retail Cost $527,000 2,356,000 100,440 $930,000 4,154,000 18,600 Beginning inventory Purchases Freight on purchases Markups Markup cancellations
Presented below is information related to Marin, Inc. Retail Cost $527,000 2,356,000 100,440 $930,000 4,154,000 18,600 Beginning inventory Purchases Freight on purchases Markups Markup cancellations Abnormal shortage Markdowns Markdown cancellations Employee discounts Sales revenue Sales returns Normal shortage Purchase returns 217,000 173,600 32,240 109,120 14,880 6,448 4,433,000 124,000 21,700 50,840 27,280 Compute ending inventory by the conventional retail inventory method. (Round percentages for computational purposes to 1 decimal place, e.g. 0.4158 to 41.6% and final answer to 0 decimal places, e.g. 5,275.)
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