The records of Thomes Boutique report the following data for the month of April.

Compute the ending inventory by the conventional retail inventory method.

204,000Purchases (at cost) $96,000 176,000 4,000 6,000 60,000 Beginning inventory (at sales price) 93,000 Sales reven ue Sales returns 4,000Purchases (at sales price) 20,000 3,000 Purchase returns (at sales price) 18,600 Beginning inventory (at c 5,600 2,000 Additional markups Markup cancellations Purchase returns (at cost) Markdowns Markdown cancellations Freight on purchases