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* Your answer is incorrect. Presented below is information related to Tamarisk Inc. Cost Retail Inventory, 12/31/20 $248,900 $394,300 Purchases 1,005,985 1,478,600 Purchase returns
* Your answer is incorrect. Presented below is information related to Tamarisk Inc. Cost Retail Inventory, 12/31/20 $248,900 $394,300 Purchases 1,005,985 1,478,600 Purchase returns 60,700 80,300 Purchase discounts 18,300 Gross sales revenue - 1,426,100 Sales returns 97,300 Markups 121,000 Markup cancellations 40,700 Markdowns 45,800 Markdown cancellations 20,000 Freight-in 41,500 Employee discounts granted 8,100 Loss from breakage (normal) 4,900 Assuming that Tamarisk Inc. uses the conventional retail inventory method, compute the cost of its ending inventory at December 31, 2021. (Round ratios for computational purposes to 0 decimal places, eg 78% and final answer to O decimal places, e.g. 28,987.) Ending inventory using the conventional retail inventory method +A 2055885
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