Exercise 9 22 The records of Stellars Boutique report the following da


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Exercise 9 22 The records of Stellars Boutique report the following data for the month of April

Sale price $15.00 Regular price $30.00

Exercise 9 22 The records of Stellars Boutique report the following data for the month of April.

 Sales revenue$100,000Purchases (at cost)$44,600Sales returns2,000Purchases (at sales price)87,600Markups10,900Purchase returns (at cost)2,000Markup cancellations1,500Purchase returns (at sales price)2,900Markdowns8,500Beginning inventory (at cost)29,200Markdown cancellations2,700Beginning inventory (at sales price)48,400Freight on purchases2,300

Compute the ending 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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