Redux Ltd. estimates its quarterly inventory by the retail inventory method. The following data are available for the quarter ended 30 September 20X6:

Required:
Prepare a schedule to compute the estimated inventory at 30 September20X6.

Cost Selling Price 537,000 195,000 38,000 60,000 23,000 1,500,000 25,000 1,680,000 80,000 $362,000 Inventory, 1 July 20X6 Markups Markup cancellations Markdowns Markdown cancellations Purchases Purchase returns and allowances Sales Sales returns and allowances 830,000 16,000