NEXT Exercise 9-22 The records of Nash's Boutique report the following data for the month...
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NEXT Exercise 9-22 The records of Nash's Boutique report the following data for the month of April. Sales revenue Sales returns Markups Markup cancellations Markdowns Markdown cancellations Freight on purchases $107,900 Purchases (at cost) Purchases (at sales price) Purchase returns (at cost) $51,900 82,700 2,000 3,100 28,117 47,500 2,000 10,900 1,700 Purchase returns (at sales price) 8,600 Beginning inventory (at cost) 2,800 2,400 Beginning inventory (at sales price) Compute the ending inventory by the conventional retail inventory method. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28,987.) Ending inventory using conventional retail inventory method LINK TO TEXT
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