Exercise 9-21 Presented below is information related to Riverbed Company. Cost Retail $234,424 1,349,000 Beginning inventory $283,000 2,111.000 95,600 Purchases Markups Markup cancellations 15,500 Markdowns 32,700 Markdown cancellations 4,800 Sales revenue 2,232.000 Compute the inventory by the conventional retail inventory method. (Round ratios for computational purposes to o decimal places, e.g. 78% and final answer to o decimal places, eg. 28,987.) Ending inventory using conventional retail inventory method
Exercise 9-21 Presented below is information related to Riverbed Company. Cost Retail $234,424 1,349,000 Beginning inventory $283,000 2,111.000 95,600 Purchases Markups Markup cancellations 15,500 Markdowns 32,700 Markdown cancellations 4,800 Sales revenue 2,232.000 Compute the inventory by the conventional retail inventory method. (Round ratios for computational purposes to o decimal places, e.g. 78% and final answer to o decimal places, eg. 28,987.) Ending inventory using conventional retail inventory method
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter6: Cost Of Goods Sold And Inventory
Section: Chapter Questions
Problem 64E: ( Appendix 6B) Inventory Costing Methods: Periodic System Harrington Company had the following data...
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