Exercise 9-21 Presented below is information related to Indigo Company Cost Retail Beginning inventory Purchases...
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Accounting
Exercise 9-21 Presented below is information related to Indigo Company Cost Retail Beginning inventory Purchases Markups Markup cancellations Markdowns Markdown cancellations Sales revenue $278,000 1,388,000 2,166,000 94,400 16,100 33,900 5,100 2,219,000 $201,049 Compute the inventory by the conventional retail inventory method. (Round ratios for computational purposes to 0 decimal places, e.g. 7896 and final answer to 0 decimal places, eg. 28,987.) Ending inventory using conventional retail inventory method
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