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Retail inventory method. (Conventional Method) (11 points) When you undertook the preparation of the financial statements for Dylan's Candy at January 31, 2019, the following
Retail inventory method. (Conventional Method) (11 points) When you undertook the preparation of the financial statements for Dylan's Candy at January 31, 2019, the following data were available At Cost At Retail Inventory, February 1, 2018 $57,100 $108,200 Markdown 6,500 Markups 10,000 Markdown cancellatione 2,000 Markup cancellations 1,000 Purchase 97,740 159,300 Net Sales revenue 219,800 Instructions Compute the ending inventory at cost as of January 31, 2019, using the retail method (Conventional Method), which approximates lower of cont or market Your wolution should be in good form with amounts clearly labeled
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