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Presented below is information related to Ricky Henderson Company Cost Retail Beginning inventory $ 278453 $ 287300 Purchases 1456000 2148000 Markups

Presented below is information related to Ricky Henderson Company.

   

Cost

 

Retail

Beginning inventory   $ 278,453   $ 287,300
Purchases   1,456,000   2,148,000
Markups       96,000
Markup cancellations       17,600
Markdowns       43,500
Markdown cancellations       6,100
Sales revenue       2,349,000


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  

= ???

Jun 19 2020 View more View Less

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