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satela [25.4K]
3 years ago
11

The records of Windsor’s Boutique report the following data for the month of April.

Business
1 answer:
dimaraw [331]3 years ago
6 0

Answer:

Ending Inventory by Conventional Retail Inventory Method 24,600

Explanation:

The format for Conventional Retail Inventory Method of Windsor's Boutique For the month of April

                                            Cost                          Retail

Beginning Inventory        28,117                         47,500

Purchases                        51,900                        82,700

Freight on purchases       2,400

Purchases Return            (2,000)                         (3,100)

Add:Markups                                                         10,900

<u>Less :Markup Cancellations                                 ( 1,700)</u>

Goods Available for Sale 80,417                        136,300

Less : Markdown                                                  (8600)    

Add: Markdown Cancellation                               2800

Less: Sales                                                        (107,900)

<u>Add: Sales Return                                                 2,000</u>

Ending Inventory at Retail                                 24,600

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