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Exercise 9-21 Presented below is information related to Indigo Company. Cost Retail Beginning inventory Purchases...

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Exercise 9-21 Presented below is information related to Indigo Company. Cost Retail Beginning inventory Purchases Markups Markup cancellations Markdowns Markdown cancellations Sales revenue $283,000 1,393,000 2,165,000 93,800 16,500 37,300 4,500 2,181,000 $374,710 Compute the 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, e.g. 28,987.) Ending inventory using conventional retail nventory method

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