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 $
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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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