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The records for the Clothing Department of Pronghorn's Discount Store are summarized below for the month of January. Inventory, January 1: at retail $25, 400;
The records for the Clothing Department of Pronghorn's Discount Store are summarized below for the month of January. Inventory, January 1: at retail $25, 400; at cost $17, 100 Purchases in January: at retail $139, 300; at cost $94, 901 Freight-in: $9, 300 Purchase returns: at retail $3,000; at cost $2, 300 Transfers in from suburban branch: at retail $13, 200; at cost $7, 200 Net markups: $8,000 Net markdowns: $4,000 Inventory losses due to normal breakage, etc.: at retail $400 Sales revenue at retail: $93, 500 Sales returns: $2, 400 Compute the inventory for this department as of January 31, at retail prices. Ending inventory at retail $
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