The records for the Clothing Department of Flounder's Discount Store are summarized below for the month...
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The records for the Clothing Department of Flounder's Discount Store are summarized below for the month of January. 1. Inventory, January 1: at retail $26,200; at cost $18,300 2. Purchases in January: at retail $137,300; at cost $83,000 3. Freight in: $7,200 4. Purchase returns: at retail $1,800; at cost $1,600 5. Transfers in from suburban branch: at retail $11,800; at cost $10,400 6. Net markups: $9,000 7. Net markdowns: $3,800 8. Inventory losses due to normal breakage and so on: at retail $400 9. Sales revenue at retail: $93,900 10. Sales returns: $2,700 Calculate the inventory for this department as at January 31, at retail prices. Inventory as at January 31 The records for the Clothing Department of Flounder's Discount Store are summarized below for the month of January. 1. Inventory, January 1: at retail $26,200; at cost $18,300 2. Purchases in January: at retail $137,300; at cost $83,000 3. Freight in: $7,200 4. Purchase returns: at retail $1,800; at cost $1,600 5. Transfers in from suburban branch: at retail $11,800; at cost $10,400 6. Net markups: $9,000 7. Net markdowns: $3,800 8. Inventory losses due to normal breakage and so on: at retail $400 9. Sales revenue at retail: $93,900 10. Sales returns: $2,700 Calculate the inventory for this department as at January 31, at retail prices. Inventory as at January 31
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