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Presented below is information related to Windsor Company. Cost Retail Beginning inventory$374,710$283,000Purchases1,393,0002,165,000Markups93,800Markup cancellations16,500Markdowns37,300Markdown cancellations4,500Sales revenue2,181,000 Compute the inventory by the conventional retail inventory method. (Round
Presented below is information related to Windsor Company.
Cost
Retail
Beginning inventory$374,710$283,000Purchases1,393,0002,165,000Markups93,800Markup cancellations16,500Markdowns37,300Markdown cancellations4,500Sales revenue2,181,000
Compute the inventory by the conventional retail inventory method.(Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28,987.)
Ending inventory using conventional retail inventory method$
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