Home / Questions / Presented below is information related to Ricky Henderson Company Cost Retail Beginning ...
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 |
= ??? |
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