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The records of Concord's Boutique report the following data for the month of April. Sales revenue Sales returns Additional markups Markup cancellations Markdowns Markdown cancellations
The records of Concord's Boutique report the following data for the month of April. Sales revenue Sales returns Additional markups Markup cancellations Markdowns Markdown cancellations Freight on purchases $215,000 4,400 20,600 3,100 17,800 6,100 2,300 Purchases (at cost) Purchases (at sales price) Purchase returns (at cost) Purchase returns (at sales price) Beginning inventory (at cost) Beginning inventory (at sales price) Compute the ending inventory by the conventional retail inventory method. Ending inventory using conventional retail inventory method $ $93,000 179,000 4,400 6,500 60,940 102,000
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