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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: Inventory, 1

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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: Inventory, 1 July 20X6 Markups Markup cancellations Markdowns Markdown cancellations Purchases Purchase returns and allowances Sales Sales returns and allowances Selling Cost Price $364,800 $ 539,800 199,000 40,000 64,000 25,000 860,000 1,530,000 18,000 29,000 1,700,000 82,000 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.) At Cost At Retail Inventory, 1 July 20x6 Retail value goods available for sale Sales Sales returns and allowances 1,700,000 82,000 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.) At Cost At Retail Inventory, 1 July 20x6 Retail value goods available for sale Goods available for sale Inventory. 30 September, at retail Inventory. 30 September, at cost

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