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Presented below is information related to Splish Company. Cost Retail Beginning inventory $362,797 $286,000 Purchases 1,370,000 2,145,000 Markups 95,100 Markup cancellations 14,800 Markdowns 32,900 Markdown
Presented below is information related to Splish Company.
Cost | Retail | |||
---|---|---|---|---|
Beginning inventory | $362,797 | $286,000 | ||
Purchases | 1,370,000 | 2,145,000 | ||
Markups | 95,100 | |||
Markup cancellations | 14,800 | |||
Markdowns | 32,900 | |||
Markdown cancellations | 5,100 | |||
Sales revenue | 2,193,000 |
Compute the inventory by the conventional retail inventory method. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28,987.)
Ending inventory using conventional retail inventory method | $enter the dollar amount of the ending inventory using conventional retail inventory method |
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