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Redux Ltd. estimates its quarterly inventory by the retail inventory method. The following data are available for the quarter ended 30 September 20X6: Cost Selling

Redux Ltd. estimates its quarterly inventory by the retail inventory method. The following data are available for the quarter ended 30 September 20X6:

Cost Selling Price
Inventory, 1 July 20X6 $ 381,000 $ 556,000
Markups 233,000
Markup cancellations 57,000
Markdowns 98,000
Markdown cancellations 42,000
Purchases 1,115,000 1,785,000
Purchase returns and allowances 35,000 63,000
Sales 1,870,000
Sales returns and allowances 99,000

Required:

Prepare a schedule to compute the estimated inventory at 30 September 20X6. (Round intermediate calculations to nearest whole percent. Negative amounts should be indicated by a minus sign.)

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