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Retail Cost $247,100 930,823 59,000 18,400 $390,000 1,484,000 78,500 Inventory, 12/31/20 Purchases Purchase returns Purchase discounts Gross sales revenue Sales returns Markups Markup cancellations Markdowns
Retail Cost $247,100 930,823 59,000 18,400 $390,000 1,484,000 78,500 Inventory, 12/31/20 Purchases Purchase returns Purchase discounts Gross sales revenue Sales returns Markups Markup cancellations Markdowns Markdown cancellations Freight-in Employee discounts granted Loss from breakage (normal) TI 1,410,500 98,700 118,400 39,600 45,300 20,000 42,800 7,900 5,000 Assuming that Metlock Inc. uses the conventional retail inventory method, compute the cost of its ending inventory at December 31, 2021. (Round ratios for computational purposes to O decimal places, e.g 78% and final answer to 0 decimal places, e.g. 28,987.) |x Ending inventory using the conventional retail inventory method LINK TO TEXT
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