The records of Vaughn's Boutique report the following data for the month of April. Sales revenue $97,100 Purchases (at cost) $47,800 Sales returns 2,100 Purchases (at sales price) 86,100 Markups...


The records of Vaughn's Boutique report the following data for the month of April.<br>Sales revenue<br>$97,100<br>Purchases (at cost)<br>$47,800<br>Sales returns<br>2,100<br>Purchases (at sales price)<br>86,100<br>Markups<br>10,400<br>Purchase returns (at cost)<br>2,100<br>Markup cancellations<br>1,500<br>Purchase returns (at sales price)<br>3,100<br>Markdowns<br>10,200<br>Beginning inventory (at cost)<br>24,251<br>Markdown cancellations<br>2,900<br>Beginning inventory (at sales price)<br>44,800<br>Freight on purchases<br>2,500<br>Compute the ending inventory by the conventional retail inventory method. (Round ratios for computational purposes to 0 decimal<br>places, eg. 78% and final answer to 0 decimal places, eg. 28,987.)<br>Ending inventory using conventional retail inventory method<br>%$4<br>

Extracted text: The records of Vaughn's Boutique report the following data for the month of April. Sales revenue $97,100 Purchases (at cost) $47,800 Sales returns 2,100 Purchases (at sales price) 86,100 Markups 10,400 Purchase returns (at cost) 2,100 Markup cancellations 1,500 Purchase returns (at sales price) 3,100 Markdowns 10,200 Beginning inventory (at cost) 24,251 Markdown cancellations 2,900 Beginning inventory (at sales price) 44,800 Freight on purchases 2,500 Compute the ending inventory by the conventional retail inventory method. (Round ratios for computational purposes to 0 decimal places, eg. 78% and final answer to 0 decimal places, eg. 28,987.) Ending inventory using conventional retail inventory method %$4

Jun 10, 2022
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