Presented below is information related to Indigo Inc. Inventory, 12/31/25 Purchases Purchase returns Purchase discounts Gross sales revenue Sales returns Markups Markup cancellations Markdowns Markdown cancellations Freight-in Employee discounts granted Loss from breakage (normal) Cost Retail $252,000 $393,400 953,740 1,438,200 58,900 17,700 42,700 80,100 1,422,800 98,500 119,500 40,000 45,200 20,200 8,000 4,200 Assuming that Indigo Inc. uses the conventional retail inventory method, compute the cost of its ending inventory at December 31 2026.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Presented below is information related to Indigo Inc.
Inventory, 12/31/25
Purchases
Purchase returns
Purchase discounts
Gross sales revenue
Sales returns
Markups
Markup cancellations
Markdowns
Markdown cancellations
Freight-in
Employee discounts granted
Loss from breakage (normal)
Cost
Retail
$252,000
$393,400
953,740 1,438,200
80,100
58,900
17,700
42,700
1,422,800
98,500
119,500
40,000
45,200
20,200
8,000
4,200
Assuming that Indigo Inc. uses the conventional retail inventory method, compute the cost of its ending inventory at December 31,
2026.
Ending inventory using the conventional retail inventory method
$
LA
Transcribed Image Text:Presented below is information related to Indigo Inc. Inventory, 12/31/25 Purchases Purchase returns Purchase discounts Gross sales revenue Sales returns Markups Markup cancellations Markdowns Markdown cancellations Freight-in Employee discounts granted Loss from breakage (normal) Cost Retail $252,000 $393,400 953,740 1,438,200 80,100 58,900 17,700 42,700 1,422,800 98,500 119,500 40,000 45,200 20,200 8,000 4,200 Assuming that Indigo Inc. uses the conventional retail inventory method, compute the cost of its ending inventory at December 31, 2026. Ending inventory using the conventional retail inventory method $ LA
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