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The records of Ivanhoe's Boutique report the following data for the month of April. 103,700 Purchases (at cost) $50,700 95,600 2,100 3,200 26,376 Sales revenue
The records of Ivanhoe's Boutique report the following data for the month of April. 103,700 Purchases (at cost) $50,700 95,600 2,100 3,200 26,376 Sales revenue Sales returns Markups Markup cancellations Markdowns Markdown cancellations Freight on purchases 2,100 9,600 1,600 8.700 3,000 Beginning inventory (at sales price 48,400 2,400 Purchases (at sales price) Purchase returns (at cost) Purchase returns (at sales price) Beginning inventory (at cost) Compute the ending inventory by the conventional retail inventory method. (Round ratios for computational purposes to O decimal places, e.g. Tool Content wer to O decimal places, eg. 28,987) $ Ending inventory using conventional retail inventory method
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