Bramble Inc. had beginning inventory of 19,500 at retail. Net purchases were 169,900 at retail. Net markups were 7,000, and sales revenue was $132,900. Compute ending inventory at cost using the conventional retail method. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28, 987.) Ending inventory using the conventional retail method $
Bramble Inc. had beginning inventory of 19,500 at retail. Net purchases were 169,900 at retail. Net markups were 7,000, and sales revenue was $132,900. Compute ending inventory at cost using the conventional retail method. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28, 987.) Ending inventory using the conventional retail method $
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 46E
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![Bramble Inc. had beginning inventory of 19,500 at retail. Net purchases were 169,900 at
retail. Net markups were 7,000, and sales revenue was $132,900. Compute ending inventory
at cost using the conventional retail method. (Round ratios for computational purposes to 0
decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28, 987.) Ending
inventory using the conventional retail method $](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5f4718e7-d28b-49a2-b76b-96ffa751905d%2F21d4d9db-cd96-45b0-8955-3c13d0073531%2Ferbon7i_processed.png&w=3840&q=75)
Transcribed Image Text:Bramble Inc. had beginning inventory of 19,500 at retail. Net purchases were 169,900 at
retail. Net markups were 7,000, and sales revenue was $132,900. Compute ending inventory
at cost using the conventional retail method. (Round ratios for computational purposes to 0
decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28, 987.) Ending
inventory using the conventional retail method $
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