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The records of Stellar's Boutique report the following data for the month of April. The records of Stellar's Boutique report the following data for the
The records of Stellar's Boutique report the following data for the month of April.
The records of Stellar's Boutique report the following data for the month of April Sales revenue Sales returns Markups Markup cancellations Markdowns Markdown cancellations Freight on purchases $107,400 1,900 10,300 1,400 8,600 2,700 2,300 Purchases (at cost) (at sales price) Purchase returns (at cost) Purchase returns (at sales price) Beginning inventory (at cost) Beginning inventory (at sales price) $44,200 83,000 1,900 3,000 22,312 42,300 Compute the ending inventory by the conventional retail inventory method. (Round ratios for computational purposes to O decimal places, e.g. 78% and final answer to O decimal places, e.g. 28,987.) Ending inventory using conventional retail inventory method
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