Business
Business, 22.01.2020 00:31, spazzinchicago

Cost retail inventory, 12/31/20 $250,000 $390,000 purchases 914,500 1,460,000 purchase returns 60,000 80,000 purchase discounts 18,000 β€” gross sales revenue β€” 1,410,000 sales returns β€” 97,500 markups β€” 120,000 markup cancellations β€” 40,000 markdowns β€” 45,000 markdown cancellations β€” 20,000 freight-in 42,000 β€” employee discounts granted β€” 8,000 loss from breakage (normal) β€” 4,500 assuming that waveland inc. uses the conventional retail inventory method, compute the cost of its ending inventory at december 31, 2021. (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 the conventional retail inventory method $

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Cost retail inventory, 12/31/20 $250,000 $390,000 purchases 914,500 1,460,000 purchase returns 60,00...

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