Please do not give solution in image format thanku The records of Culver's Boutique report thefollowing data for the month of April. Salesrevenue $108,600 Purchases (at cost) $49,700Sales returns 1,900 Purchases (at sales price)92,100 Markups 9,200 Purchase returns (at cost)1,900 Markup cancellations 1,300 Purchasereturns (at sales price) 2,800 Markdowns 8,300Beginning inventory (at cost) 35,220 Markdowncancellations 2,600 Beginning inventory (at salesprice) 45,000 Freight on purchases 2,300Compute the ending inventory by theconventional retail inventory method. (Roundratios for computational purposes to 0 decimalplaces, e.g. 78% and final answer to O decimalplaces, e.g. 28,987.)

The conventional retail inventory method uses a small business's as inventory as opposed to products…

The records of Culver's Boutique report the following data for the month of April. Sales revenue $108,600 Purchases (at cost) $49,700 Sales returns 1,900 Purchases (at sales price) 92,100 Markups 9,200 Purchase returns (at cost) 1,900 Markup cancellations 1,300 Purchase returns (at sales price) 2,800 Markdowns 8,300