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Presented below is information related to Shamrock Company. Beginning inventory Purchases Markups Markup cancellations Markdowns Markdown cancellations Sales revenue Cost $353,713 1,349,000 Retail $281,000 2,108,000 93,500 14,800 35,000 5,100 2,209,000 Compute the inventory by the conventional retail inventory method. (Rou ratios for computational purposes to 0 decimal places, e.g. 78% ar final answer to 0 decimal places, e.g. 28,987.) Ending inventory using conventional retail inventory method $

Presented below is information related to Shamrock Company. Beginning inventory Purchases Markups Markup cancellations Markdowns Markdown cancellations Sales revenue Cost $353,713 1,349,000 Retail $281,000 2,108,000 93,500 14,800 35,000 5,100 2,209,000 Compute the inventory by the conventional retail inventory method. (Rou ratios for computational purposes to 0 decimal places, e.g. 78% ar final answer to 0 decimal places, e.g. 28,987.) Ending inventory using 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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Exercise 9-21- Presented below is information related to Shamrock Company. Beginning inventory Purchases Markups Markup cancellations Markdowns Markdown cancellations Sales revenue Cost $353,713 1,349,000 Retail $281,000 2,108,000 93,500 14,800 35,000 5,100 2,209,000 Compute the inventory by the conventional retail inventory method. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28,987.) Ending inventory using conventional retail inventory method $
Transcribed Image Text:Exercise 9-21- Presented below is information related to Shamrock Company. Beginning inventory Purchases Markups Markup cancellations Markdowns Markdown cancellations Sales revenue Cost $353,713 1,349,000 Retail $281,000 2,108,000 93,500 14,800 35,000 5,100 2,209,000 Compute the inventory by the conventional retail inventory method. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28,987.) Ending inventory using conventional retail inventory method $
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