Waterway Inc. had beginning inventory of $11,600 at cost and $21,800 at retail. Net purchases were $125,641 at cost and $167,100 at retail. Net markups were $10,000, net markdowns were $7,700, and sales revenue was $146,900. Compute ending inventory at cost using the conventional retail method. Ending inventory using the conventional retail method $

Waterway inc had beginning inventory of $11,600 at cost and $21,800 at retail. Net purchases were $125,641 at cost and $167,100 at retail. Net markups were $10,000, net markdowns were $7,700, and sales revenue was $146,900, Compute ending inventory at cost using the corventional retail method. Ending inventory using the conventional retail method