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The records of Sheridan's Boutique report the following data for the month of April. $100,000 2,000 10,900 1,500 8,500 2,700 2,300 Purchases (at cost) Purchases
The records of Sheridan's Boutique report the following data for the month of April. $100,000 2,000 10,900 1,500 8,500 2,700 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) $44,600 87,600 2,000 2,900 29,200 48,400 Sales revenue Sales returns Markups Markup cancellations Markdowns Markdown cancellations Freight on purchases Compute the ending inventory by the conventional retail inventory method. (Round ratios for computational purposes to o de decimal places, e.g. 28,987.) Ending inventory using conventional retail inventory method
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