The records of Wildhorse's Boutique report the following data for the month of April. Sales revenue Sales returns Markups Markup cancellations Markdowns Markdown cancellations Freight on purchases $103,300 2,200 9,000 1,600 9,500 3,100 2,600 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) $52,100 Ending inventory using conventional retail inventory method $ 95,200 2,200 3,200 29,725 50,100 Compute the ending inventory by the conventional retail inventory method. (Round answer to 0 decimal places, e.g. 28,987.)
The records of Wildhorse's Boutique report the following data for the month of April. Sales revenue Sales returns Markups Markup cancellations Markdowns Markdown cancellations Freight on purchases $103,300 2,200 9,000 1,600 9,500 3,100 2,600 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) $52,100 Ending inventory using conventional retail inventory method $ 95,200 2,200 3,200 29,725 50,100 Compute the ending inventory by the conventional retail inventory method. (Round answer to 0 decimal places, e.g. 28,987.)
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:The records of Wildhorse's Boutique report the following data for the month of April.
Sales revenue
Sales returns
Markups
Markup cancellations
Markdowns
Markdown cancellations
Freight on purchases
$103,300
2,200
9,000
1,600
9,500
3,100
2,600
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)
$52,100
Ending inventory using conventional retail inventory method $
95,200
2,200
3,200
29,725
50,100
Compute the ending inventory by the conventional retail inventory method. (Round answer to 0 decimal places, e.g. 28,987.)
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