Question
Presented below is information related to Marigold Company. Beginning inventory Purchases Cost Retail $225,045 $279,000 1,380,000 2,108,000 96,100 13,800 35,000 Markups Markup cancellations Markdowns Markdown cancellations 4,500 2,167,000 Sales revenue Compute the inventory by the conventional retail inventory method. (Round ratios for computational purposes to O decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28,987.) Ending inventory using conventional retail inventory method $
Answer
Answer: $176,670
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