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Presented below is information related to Riverbed Inc. Inventory, 12/31/25 Purchases Purchase returns Purchase discounts Gross sales revenue Cost $246,800 886,480 60,200 17,800 - Retail $384,600 1,445,300 80,700 1,411,800

Presented below is information related to Riverbed Inc. Inventory, 12/31/25 Purchases Purchase returns Purchase discounts Gross sales revenue Cost $246,800 886,480 60,200 17,800 - Retail $384,600 1,445,300 80,700 1,411,800

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 Riverbed 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 $246,800 $384,600 886,480 1,445,300 60,200 17,800 42,300 80,700 1,411,800 97,600 120,300 40,200 45,400 20,000 8,100 4,000 Assuming that Riverbed 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 $ CA
Transcribed Image Text:Presented below is information related to Riverbed 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 $246,800 $384,600 886,480 1,445,300 60,200 17,800 42,300 80,700 1,411,800 97,600 120,300 40,200 45,400 20,000 8,100 4,000 Assuming that Riverbed 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 $ CA
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