Question 8 The records of Wildhorse's Boutique report the following data for the month of April. Sales revenue $103,300 Purchases {at cost} $52,100 Sales returns 2,200 Purchases [at sales price) 95,200 Markups 9,000 Purchase returns [at cost) 2,200 Markup cancellations 1,500 Purchase returns [at sales price] 3,200 Markdowns 9,500 Beginning inventory {at cost) 29,225 Markdown cancellations 3,100 Beginning inventory {at sales price] 50,100 Freight on purchases 2,600 Compute the ending inventory by the conventional retail inventory method. (Round ratios for computational purposes to 0 decimal places, e. g. 28% and nal answer to 0 decimal places, e.g. 28,937.} Ending inventory using conventional retail inventory 35 method