Business, 14.04.2020 20:03 Cooldude497

Tamarisk Inc. had a beginning inventory of $11,700 at cost and $18,200 at retail. Net purchases were $132,188 at cost and $183,700 at retail. Net markups were $9,700, net markdowns were $6,600, and sales revenue was $134,800.
Required:
Compute ending inventory at cost using the conventional retail method. (Round ratios for computational purposes to 0 decimal places, e. g. 78% and final answer to 0 decimal places, e. g. 28,987.)

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Tamarisk Inc. had a beginning inventory of $11,700 at cost and $18,200 at retail. Net purchases were...

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