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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 $363,000 $ 538,000 197,000 39,000 62,000 24,000 845,000 1,515,000 17,000 27,000 1,690,000 81,000 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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