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Presented below is information related to Shamrock, Inc. Cost Retail Beginning inventory $459,000 $810,000 Purchases 2,052,000 3,618,000 Freight on purchases 87,480 Markups 189,000 Markup cancellations
Presented below is information related to Shamrock, Inc. Cost Retail Beginning inventory $459,000 $810,000 Purchases 2,052,000 3,618,000 Freight on purchases 87,480 Markups 189,000 Markup cancellations 151,200 Abnormal shortage 16,200 28,080 Markdowns 95,040 Markdown cancellations 12,960 Employee discounts 5,616 Sales revenue 3,861,000 Sales returns 108,000 Normal shortage 18,900 Purchase returns 23,760 44,280 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, eg. 5,275.) Ending inventory $
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