Current Attempt in Progress The records of Concord's Boutique report the following data for the month of April. Sales revenue Sales returns Markups Markup cancellations Markdowns Markdown cancellations Freight on purchases $105,400 1,900 9,200 1,600 9,100 2,700 2,300 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) $46,100 85,900 1.900 2,900 24,997 44,300 Compute the ending inventory by the conventional retail inventory method. (Round answer to 0 decimal places, e.g. 28,98 Ending inventory using conventional retail inventory method $

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Current Attempt in Progress
The records of Concord's Boutique report the following data for the month of April.
Sales revenue
Sales returns
Markups
Markup cancellations
Markdowns
Markdown cancellations
Freight on purchases
$105,400
1,900
9,200
1,600
9,100
2,700
2,300
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)
$46,100
85,900
Ending inventory using conventional retail inventory method
1,900
2,900
24,997
44,300
Compute the ending inventory by the conventional retail inventory method. (Round answer to 0 decimal places, e.g. 28.987.)
Transcribed Image Text:View Policies Current Attempt in Progress The records of Concord's Boutique report the following data for the month of April. Sales revenue Sales returns Markups Markup cancellations Markdowns Markdown cancellations Freight on purchases $105,400 1,900 9,200 1,600 9,100 2,700 2,300 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) $46,100 85,900 Ending inventory using conventional retail inventory method 1,900 2,900 24,997 44,300 Compute the ending inventory by the conventional retail inventory method. (Round answer to 0 decimal places, e.g. 28.987.)
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