The records of Blossom's Boutique report the following data for the month of April. Sales revenue Sales returns Markups Markup cancellations Markdowns Markdown cancellations Freight on purchases $102,900 2,100 9,900 1,500 10,200 2,900 2,500 Purchases (at cost) Purchases (at sales price) Purchase returns (at cost) Purchase returns (at sales price) Beginning inventory (at cost) Beginning inventory (at sales price) $50,100 85.600 2,100 tomim 3,000 27,818 46,400 Compute the ending inventory by the conventional retail inventory method. (Round ratios for computational purposes to O decimal places, e.g. 78% and final answer to O decimal places, e.g. 28,987.)
The records of Blossom's Boutique report the following data for the month of April. Sales revenue Sales returns Markups Markup cancellations Markdowns Markdown cancellations Freight on purchases $102,900 2,100 9,900 1,500 10,200 2,900 2,500 Purchases (at cost) Purchases (at sales price) Purchase returns (at cost) Purchase returns (at sales price) Beginning inventory (at cost) Beginning inventory (at sales price) $50,100 85.600 2,100 tomim 3,000 27,818 46,400 Compute the ending inventory by the conventional retail inventory method. (Round ratios for computational purposes to O decimal places, e.g. 78% and final answer to O decimal places, e.g. 28,987.)
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:The records of Blossom's Boutique report the following data for the month of April.
Sales revenue
Sales returns
Markups
Markup cancellations
Markdowns
Markdown cancellations
Freight on purchases.
Purchases (at cost)
Purchases (at sales price)
Purchase returns (at cost)
Purchase returns (at sales price)
Beginning inventory (at cost)
2,900 Beginning inventory (at sales price)
$102,900
2,100
9,900
1,500
10,200
2,500
$50,100
85,600
2,100
3,000
27,818
46,400
Compute the ending inventory by the conventional retail inventory method. (Round ratios for computational purposes to O decimal places, e.g. 78% and final answer to O decimal places, e.g. 28,987.)
Ending inventory using conventional retail inventory method $
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