Business, 17.04.2020 04:52, Isaacochoa780

Determine the ending inventory under the conventional retail method for the furniture department of Bramble Department Stores from the following data. (Round ratio of cost to selling price to 2 decimal places, e. g. 15.25% and final answer to 0 decimal places, e. g. 5,125.) Cost Retail Inventory, Jan. 1 $156,000 $296,600 Purchases 1,467,200 2,206,900 Freight-in 68,200 Markups, net 95,500 Markdowns, net 46,100 Sales revenue 2,151,100 g

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Determine the ending inventory under the conventional retail method for the furniture department of...