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Problem 9-9 Presented below is information related to Skysong Inc. Cost Retail $251,100 906,368 60,000 18,100 $390,400 1,447,600 79,400 Inventory, 12/31/17 Purchase returns Purchase discounts
Problem 9-9 Presented below is information related to Skysong Inc. Cost Retail $251,100 906,368 60,000 18,100 $390,400 1,447,600 79,400 Inventory, 12/31/17 Purchase returns Purchase discounts Gross sales revenue Sales returns 1.426,100 97,300 119,700 39,500 45,800 20,000 Markup cancellations 42,300 Freight-in Employee discounts granted Loss from breakage (normal) 8,200 4,100 Assuming that Skys ng inc uses the conventional retail inventory method, compute the cost o its ending inventory at December 31, 2018. Round atios for computational purposes to 0 decimal places, e g 78% and final answer to 0 decimal places, e.g. 28,987. Ending inventory using the conventional retail inventory method
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