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Problem # 4 (Retail Inventory Method) Presented below is information related to Mantle Company. Cost Retail Beginning inventory Purchases Markups Markup cancellations Markdowns Markdown cancellations

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Problem # 4 (Retail Inventory Method) Presented below is information related to Mantle Company. Cost Retail Beginning inventory Purchases Markups Markup cancellations Markdowns Markdown cancellations Sales revenue 50,000 70,000 535,000 23,750 3,750 8,750 1,250 550,000 343,750 Instructions: Compute the inventory by the conventional retail inventory method

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