(Solution Document) Presented below is information related to Waterway Company.




Presented below is information related to Waterway Company.


Cost Retail
Beginning inventory $380,418 $282,000
Purchases 1,353,000 2,150,000
Markups 96,700
Markup cancellations 16,500
Markdowns 33,200
Markdown cancellations 4,600
Sales revenue 2,206,000


Compute the 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

$

 







About this question:

Pay using PayPal (No PayPal account Required) or your credit card. All your purchases are securely protected by .
SiteLock