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The records of Vaughn's Boutique report the following data for the month of April. 95,600 47.200 Sales Sales returns Markups 1,800 85,800 9.500 1,800 Purchases
The records of Vaughn's Boutique report the following data for the month of April. 95,600 47.200 Sales Sales returns Markups 1,800 85,800 9.500 1,800 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) 1,400 2.800 8,600 36,103 Markup cancellations Markdowns Markdown cancellations Freight on purchases 2.700 50.600 2,100 Compute the ending inventory by the conventional retail inventory method. (Round ratios for computational purposes to decimal places eg. 78% and final answer to decimal places, eg. 28,987.) Ending inventory using conventional retail inventory method
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