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Presented below is information related to Blue Company. Beginning inventory Purchases Markups Markup cancellations Markdowns...

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Question

Accounting

Presented below is information related to Blue Company. Beginning inventory

Purchases

Markups

Markup cancellations

Markdowns

Markdown cancellations

Sales revenue

Cost

$103,820

1,402,000

Retail

$278,000

2,152,000

93,600

13,900

34,600

5,000

2,206,000

Compute the inventory by the conventional retail inventory method.

Ending inventory using conventional retail inventory method

$

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