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Presented below is information related to Windsor 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 Windsor 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 $
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