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Problem # 4 (Retail Inventory Method) Presented below is information related to Mantle Company Cost $50,000 343,750 Retail Beginning inventory Purchases Markups Markup cancellations Markdowns

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

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