**Monthly Report and Inventory Calculation for Carla's Boutique**The records of Carla's Boutique report the following data for the month of April:- **Sales Revenue:** $95,600- **Sales Returns:** $1,800- **Markups:** $9,500- **Markup Cancellations:** $1,400- **Markdowns:** $8,600- **Markdown Cancellations:** $2,700- **Freight on Purchases:** $2,100On the purchasing side, the data are as follows:- **Purchases (at cost):** $47,200- **Purchases (at sales price):** $85,800- **Purchase Returns (at cost):** $1,800- **Purchase Returns (at sales price):** $2,800- **Beginning Inventory (at cost):** $36,103- **Beginning Inventory (at sales price):** $50,600**Task:**Compute the ending inventory by the conventional retail inventory method. Please round ratios for computational purposes to 0 decimal places (e.g., 78%) and the final answer to 0 decimal places (e.g., 28,987).**Ending Inventory Using Conventional Retail Inventory Method:** $ _______

Name: **Monthly Report and Inventory Calculation for Carla's Boutique**The
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Description: **Monthly Report and Inventory Calculation for Carla's Boutique**The records of Carla's Boutique report the following data for the month of April:- **Sales Revenue:** $95,600- **Sales Returns:** $1,800- **Markups:** $9,500- **Markup Cancellations:**

Cost Retail Beginning inventory 36103 50600 Purchases 47200 85800 Purchase returns…

Business

Accounting

The records of Carla's Boutique report the following datà for the month öf April. Sales revenue $95,600 Purchases (at cost) $47,200 Sales returns 1,800 Purchases (at sales price) 85,800 Markups 9,500 Purchase returns (at cost) 1,800 Markup cancellations 1,400 Purchase returns (at sales price) 2,800 Markdowns 8,600 Beginning inventory (at cost) 36,103 Markdown cancellations 2,700 Beginning inventory (at sales price) 50,600 Freight on purchases 2,100 Compute the ending inventory by the conventional retail inventory method. (Round ratios for computational purposes to O decimal places eg 78% and final answer to O decimal places, eg. 28,987.) Ending inventory using conventional retail inventory method %24

The records of Carla's Boutique report the following datà for the month öf April. Sales revenue $95,600 Purchases (at cost) $47,200 Sales returns 1,800 Purchases (at sales price) 85,800 Markups 9,500 Purchase returns (at cost) 1,800 Markup cancellations 1,400 Purchase returns (at sales price) 2,800 Markdowns 8,600 Beginning inventory (at cost) 36,103 Markdown cancellations 2,700 Beginning inventory (at sales price) 50,600 Freight on purchases 2,100 Compute the ending inventory by the conventional retail inventory method. (Round ratios for computational purposes to O decimal places eg 78% and final answer to O decimal places, eg. 28,987.) Ending inventory using conventional retail inventory method %24

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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