The records of Wildhorse's Boutique report the following data for the month of April. Sales revenue $103,700 Purchases (at cost) $50,700 Sales returns 2,100 Purchases (at sales price) 95,600 Markups 9,600 Purchase returns (at cost) 2,100 Markup cancellations 1,600 Purchase returns (at sales price) 3,200 Markdowns 8,700 Beginning inventory (at cost) 26,376 Markdown cancellations 3,000 Beginning inventory (at sales price) 48,400 Freight on purchases 2,400
The records of Wildhorse's Boutique report the following data for the month of April. Sales revenue $103,700 Purchases (at cost) $50,700 Sales returns 2,100 Purchases (at sales price) 95,600 Markups 9,600 Purchase returns (at cost) 2,100 Markup cancellations 1,600 Purchase returns (at sales price) 3,200 Markdowns 8,700 Beginning inventory (at cost) 26,376 Markdown cancellations 3,000 Beginning inventory (at sales price) 48,400 Freight on purchases 2,400
Chapter18: Accounting Periods And Methods
Section: Chapter Questions
Problem 67P
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