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Sunland Inc. had beginning inventory of $11,400 at cost and $19,500 at retail. Net purchases were $124,328 at cost and $169,900 at retail. Net markups
Sunland Inc. had beginning inventory of $11,400 at cost and $19,500 at retail. Net purchases were $124,328 at cost and $169,900 at retail. Net markups were $10,200, net markdowns were $7,000, and sales revenue was $132,900. 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. 28,987.) Ending inventory using the conventional retail method
Brief Exercise 9-10 x Your answer is incorrect. Try again. Sunland Inc. had beginning inventory of $11,400 at cost and $19,500 at retail. Net purchases were $124,328 at cost and $169,900 at retail. Net markups were $10,200, net markdowns were $7,000, and sales revenue was $132,900. Compute ending inventory at cost using the conventional retail method. (Round ratios for computational purposes to O decimal places, e.g. 78% and final answer to O decimal places, e.g. 28,987.) Ending inventory using the conventional retail method nethod J 41790 Click if you would like to Show Work for this question: Open Show Work LINK TO TEXTStep by Step Solution
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