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The records of Carla's Boutique report the following data for the month of April Sales revenue Sales returns Markups Markup cancellations Markdowns Markdown cancellations Freight on purchases $98,700 2,000 9,300 1,400 9,500 2,800 2,400 Purchases (at cost) Purchases (at sales price) Purchase returns (at cost) Purchase returns (at sales price) Beginning inventory (at cost) Beginning inventory (at sales price)46,300 $45,500 90,400 2,000 3,100 34,755 Compute the ending inventory by the conventional retail inventory method. (Round ratios for computational purposes e.g. 28,987.) Ending inventory using conventional retail inventory method
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