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Presented below is information related to Ayayai Company. Cost Retail Beginning inventory $380,418 $282,000 Purchases 1,353,000 2,150,000 Markups 96,700 Markup cancellations 16,500 Markdowns 33,200 Markdown cancellations 4,600 Sales revenue 2,206,000 Compute the inventory by the conventional retail inventory method.

Presented below is information related to Ayayai Company. Cost Retail Beginning inventory $380,418 $282,000 Purchases 1,353,000 2,150,000 Markups 96,700 Markup cancellations 16,500 Markdowns 33,200 Markdown cancellations 4,600 Sales revenue 2,206,000 Compute the inventory by the conventional retail inventory method.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Presented below is information related to Ayayai Company. Cost Retail Beginning inventory $380,418 $282,000 Purchases 1,353,000 2,150,000 Markups 96,700 Markup cancellations 16,500 Markdowns 33,200 Markdown cancellations 4,600 Sales revenue 2,206,000 Compute the inventory by the conventional retail inventory method.
Transcribed Image Text:Presented below is information related to Ayayai Company. Cost Retail Beginning inventory $380,418 $282,000 Purchases 1,353,000 2,150,000 Markups 96,700 Markup cancellations 16,500 Markdowns 33,200 Markdown cancellations 4,600 Sales revenue 2,206,000 Compute the inventory by the conventional retail inventory method.
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