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Accounting
Presented below is information related to Pronghorn Inc.
Presented below is information related to Pronghorn Inc Cost Retail $247,000 842,352 60,900 17,700 $395,600 1,483,700 81,400 Inventory, 12/31/17 Purchases Purchase returns Purchase discounts Gross sales revenue Sales returns Markups Markup cancellations Markdowns Markdown cancellations Freight-irn Employee discounts granted Loss from breakage (normal) 1,403,700 98,700 121,400 40,100 44,600 20,300 41,600 7,900 4,900 Assuming that Pronghorn Inc. uses the conventional retail inventory method, compute the cost of its ending inventory at December 31, 2018. (Round ratios for computational purposes to o decimal places, e-g 78% and final answer to 0 decimal places, eg. 28,987.) Ending inventory using the conventional retail inventory methoo
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