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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

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
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter7: Inventories
Section: Chapter Questions
Problem 2PEA: Beginning inventory, purchases, and sales for Item ProX2 are as follows: Assuming a perpetual...
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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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