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Sage HillBeachwear Inc. had beginning inventory of $42,400at cost and $50,880at retail. Net purchases were $222,600at cost and $258,640at retail. Net markups were $6,360, net
Sage HillBeachwear Inc. had beginning inventory of $42,400at cost and $50,880at retail. Net purchases were $222,600at cost and $258,640at retail. Net markups were $6,360, net markdowns were $19,080, and sales revenue was $243,800.
Compute ending inventory at cost using the conventional retail method.(Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 5,275.)
Ending inventory using the conventional retail method$
enter the inventory in dollars rounded to 0 decimal places
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