CostRetailBeginning inventory 347,900 784,000Purchases 730,100 980,000Freight in &nbCostRetailBeginning inventory 347,900 784,000Purchases 730,100 980,000Freight in 39,200 - Mark ups - 98,000Mark downs - 116,375Sales - 686,000Find Ending Inventory usingavg. cost, conventional,...

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Accounting

Cost Retail
Beginning inventory      347,900      784,000
Purchases      730,100      980,000
Freight in         39,200                 -
Mark ups                 -           98,000
Mark downs                 -        116,375
Sales                 -        686,000
Find Ending Inventory usingavg. cost, conventional, LIFO methods

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In: AccountingCostRetailBeginning inventory 347,900 784,000Purchases 730,100 980,000Freight in &nbCostRetailBeginning inventory 347,900 784,000Purchases 730,100 980,000Freight in 39,200 - Mark ups - 98,000Mark downs - 116,375Sales - 686,000Find Ending Inventory usingavg. cost, conventional, LIFO methods

	Cost	Retail
Beginning inventory	347,900	784,000
Purchases	730,100	980,000
Freight in	39,200	-
Mark ups	-	98,000
Mark downs	-	116,375
Sales	-	686,000
Find Ending Inventory usingavg. cost, conventional, LIFO methods