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The records of Sweet's Boutique report the following data for the month of April. Sales revenue $100,000 Purchases (at cost) $44,600 2.000 Sales returns 87.600
The records of Sweet's Boutique report the following data for the month of April. Sales revenue $100,000 Purchases (at cost) $44,600 2.000 Sales returns 87.600 Purchases (at sales price) 2.000 Purchase returns (at cost) Markups 10,900 2.900 Purchase returns (at sales price) 1.500 Markup cancellations 29.200 Markdowns 8.500 Beginning inventory (at cost) 48,400 2.700 Beginning inventory (at sales price) Markdown cancellations 2.300 Freight on purchases Compute the ending inventory by the conventional retail inventory method. (Round ratios for computational purposes to decimal places eg. 78% and final answer to O decimal places, e.g. 28,987.) Ending inventory using conventional retail inventory method $
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