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Question 11 The records of Pearl's Boutique report the following data for the month of April. Sales revenue Sales returns Markups Markup cancellations Markdowns Markdown cancellations Freight on purchases $89,500 1,900 10,500 1,600 8,700 2,700 2,300 Purchases (at cost) Purchases (at sales price) Purchase returns (at cost) Purchase returns (at sales price) Beginning inventory (at cost) $49,400 95,900 1.900 2,900 28,799 46,400 Beginning inventory (at sales price) ompute the ending inventory by the conventional retail inventory method 28,987) Round ratios or computational purposes to 0 decimal places, eg. 78% and inal answer to 0 decimal places, eg. Ending inventory using conventional retail inventory method
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