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ACC 304 In-Class Team Exercises Stonbok inc. wants to estimate their ending inventory the month...

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ACC 304 In-Class Team Exercises Stonbok inc. wants to estimate their ending inventory the month of June to help the company with inventory management and Internal inventory reporting. The following data is available at the end of June from the company's inventory and sales records T Beginning inventory, at cost Employee discounts Freight in Markdown cancellations Markdowns Markup cancellations Markups alance 551.016 4,500 12,640 4,670 18.790 25.480 Normal spoilage 50,720 Purchase returns, at cost Purchases, at cost Sales 1 Sales returns Beginning inventory, at retail Purchase returns, at retail Purchasest retail 992.300 5.810 685.700 65,429 ,085.193 1 1 Instructions: Calculate the estimate for ending inventory at cost using the cost retail inventory method

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