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The records of Marin's Boutique report the following data for the month of April Sales revenue Sales returns Markups Markup cancellations Markdowns Markdown cancellations 2,700
The records of Marin's Boutique report the following data for the month of April Sales revenue Sales returns Markups Markup cancellations Markdowns Markdown cancellations 2,700 Beginning inventory (at sales price) Freight on purchases $47,200 85,800 1,800 2,800 36,103 50,600 $95,600 Purchases (at cost) 1,800Purchases (at sales price) 9,500 Purchase returns (at cost) 1,400 Purchase returns (at sales price) 8,600 Beginning inventory (at cost) 2,100 Compute the ending inventory by the conventional retail inventory method. (Round ratios for computational purposes to o decimal places, eg. 7890 and final answer to 0 decimal places, eg. 28,987.) Ending inventory using conventional retail inventory method
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