Riverbed Inc. had beginning inventory of $22,200 at cost and $28,300 at retail. Net purchases were $158,800 at cost and $203,000 at retail. Net markups were $10,200, net markdowns were $5,800, and sales were $193,000. Calculate the ending inventory at cost using the retail method. (Round intermediate calculation to 2 decimal places, e.g. 15.21% and the final answer to 0 decimal places, e.g. 5,275.) Ending inventory $ 42700

Riverbed Inc. had beginning inventory of $22,200 at cost and $28,300 at retail. Net purchases were $158,800 at cost and $203,000 at retail. Net markups were $10,200, net markdowns were $5,800, and sales were $193,000. Calculate the ending inventory at cost using the retail method. (Round intermediate calculation to 2 decimal places, e.g. 15.21% and the final answer to 0 decimal places, e.g. 5,275.) Ending inventory $ 42700

Name: Brief Exercise 8-26Your answer is incorrect. Try again.Riverbed Inc.
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Description: Brief Exercise 8-26Your answer is incorrect. Try again.Riverbed Inc. had beginning inventory of $22,200 at cost and $28,300 at retail. Net purchases were $158,800at cost and $203,000 at retail. Net markups were $10,200, net markdowns were $5,800, an

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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