Marigold Inc. had beginning inventory of $20,400 at cost and $30,700 at retail. Net purchases were $158,000 at cost and $212,000 at retail. Net markups were $10,000, net markdowns were $7,100, and sales were $190,000.

Calculate the ending inventory at cost using the retail method. (Round intermediate calculation to 2 decimal places, e.g. 15.21% and the final answer to 0 decimal places, e.g. 5,275.)

Ending inventory $enter the ending inventory in dollars rounded to 0 decimal places

Answer rating: 100% (QA)

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