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The records of Mandy's Boutique report the following data for the month of April. Sales $110,200 Purchases (at cost) $63,800 Sales returns 2,320 Purchases (at
The records of Mandy's Boutique report the following data for the month of April. Sales $110,200 Purchases (at cost) $63,800 Sales returns 2,320 Purchases (at sales price) 102,080 Markups 11,600 Purchase returns (at cost) 2,320 Markup cancellations 1,740 Purchase returns (at sales price) 3,480 Markdowns 10,788 Beginning inventory (at cost) 34,800 Markdown cancellations 3,248 Beginning inventory (at sales price) 53,940 Freight on purchases 2,784 Compute the ending inventory by the conventional retail inventory method. (Round answer to 0 decimal places, e.g. 12,510.) Inventory $
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