Presented below is information related to Flint Inc. Inventory, 12/31/20 Purchases Purchase returns Purchase discounts...
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Accounting
Presented below is information related to Flint Inc. Inventory, 12/31/20 Purchases Purchase returns Purchase discounts Gross sales revenue Sales returns Markups Markup cancellations Markdowns Markdown cancellations Freight-in Employee discounts granted Loss from breakage (normal) Cost Retail $251,100 $390,400 906,368 1,447,600 60,000 79,400 18,100 - 1,426,100 97,300 119,700 39,500 45,800 20,000 42,300 8,200 4,100 Assuming that Flint 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, e.g 78% and final answer to O decimal places, e.g. 28,987.)
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