eginning inventory $186,032 $281,000 Purchases 1,393,000 2,147,000 Markups 93,500 Markup cancellations 15,100 Markdowns 37,000 Markd ancellations 4,500 Sales revenue 2,236,000 Compute the inventory by th onventional retail inventory method. Ending inventory using conventional nventory method

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Beginning inventory $186,032 $281,000 Purchases 1,393,000 2,147,000
Markups 93,500 Markup cancellations 15,100 Markdowns 37,000 Markdown
cancellations 4,500 Sales revenue 2,236,000 Compute the inventory by the
conventional retail inventory method. Ending inventory using conventional retail
inventory method
Transcribed Image Text:Beginning inventory $186,032 $281,000 Purchases 1,393,000 2,147,000 Markups 93,500 Markup cancellations 15,100 Markdowns 37,000 Markdown cancellations 4,500 Sales revenue 2,236,000 Compute the inventory by the conventional retail inventory method. Ending inventory using conventional retail inventory method
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