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Presented below is information related to Tamarisk Company. Cost Retail Beginning inventory $179,932 $280,000 Purchases 1,363,000 2,128,000 Markups 94,400 Markup cancellations 13,800 Markdowns 32,300 Markdown
Presented below is information related to Tamarisk Company.
Cost | Retail | |||
---|---|---|---|---|
Beginning inventory | $179,932 | $280,000 | ||
Purchases | 1,363,000 | 2,128,000 | ||
Markups | 94,400 | |||
Markup cancellations | 13,800 | |||
Markdowns | 32,300 | |||
Markdown cancellations | 5,200 | |||
Sales revenue | 2,162,000 |
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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