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The records of Vaughn's Boutique report the following data for the month of April. Sales revenue $107,900 Purchases (at cost) $51,200 Sales returns 2,100 Purchases
The records of Vaughn's Boutique report the following data for the month of April. Sales revenue $107,900 Purchases (at cost) $51,200 Sales returns 2,100 Purchases (at sales price) 89,300 Markups 10,900 Purchase returns (at cost) 2,100 Markup cancellations 1,600 Purchase returns (at sales price) 3,200 33,024 Markdowns 8,700 Beginning inventory (at cost) Markdown cancellations 2,900 Beginning inventory (at sales price) 48,200 Freight on purchases 2,600 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 0 decimal places, e.g. 28,987.) Ending inventory using conventional retail inventory method $
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