Presented below is information related to Pearl Inc. Inventory, 12/31/20 Purchases Purchase returns Purchase discounts...
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Accounting
Presented below is information related to Pearl Inc. Inventory, 12/31/20 Purchases Purchase returns Purchase discounts Gross sales revenue Sales returns Markups Markup cancellations Markdowns Markdown cancellations Freight-in Employee discounts granted Loss from breakage (normal) Cost Retail $246,200 $394,300 951,116 1,478,700 60,000 80,300 18,300 - 1,426,200 97,300 119,800 40,700 45,800 20,000 41,500 8,100 4,600 Assuming that Pearl Inc. uses the conventional retail inventory method, compute the cost of its ending inventory at December 31, 2021. (Round ratios for computational purposes to 0 decimal places, e.g 78% and final answer to O decimal places, e.g. 28,987.) Ending inventory using the conventional retail inventory method $ 276445
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