Presented below is information related to XYZ Company. Cost Retail € 280,000 € 390,000 Beginning inventory Purchases 1,820,000 3,000,000 Markups Markup cancellations 130,000 20,000 Markdowns 47,000...

answer  step by step

Extracted text: Presented below is information related to XYZ Company. Cost Retail € 280,000 € 390,000 Beginning inventory Purchases 1,820,000 3,000,000 Markups Markup cancellations 130,000 20,000 Markdowns 47,000 Markdown cancellations 7,000 3,150,000 Sales Instructions (you have the option to upload the answer sheet) Compute the inventory by the conventional retail inventory method.