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The records of Bridgeport's Boutique report the following data for the month of April. Sales revenue $106,300 $51,500 Purchases (at cost) Purchases (at sales price)
The records of Bridgeport's Boutique report the following data for the month of April. Sales revenue $106,300 $51,500 Purchases (at cost) Purchases (at sales price) Sales returns 2,100 88,500 Markups 10,100 2,100 1,700 3,000 Markup cancellations Markdowns Purchase returns (at cost) Purchase returns (at sales price) Beginning inventory (at cost) Beginning inventory (at sales price) 9,800 17,564 Markdown cancellations 2,900 42,500 Freight on purchases 2,600 Compute the ending inventory by the conventional retail inventory method. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answer to O decimal places, e.g. 28,987.) Ending inventory using conventional retail inventory method $
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