Question: E8.21 (LO 4) (Retail Inventory Method) Presented below is information related to Kuchinsky Company. Cost Retail Beginning inventory 200,000 280,000 Purchases 1,425,000 2,140,000

E8.21 (LO 4) (Retail Inventory Method) Presented below is information related to Kuchinsky Company.

Cost Retail Beginning inventory € 200,000 € 280,000 Purchases 1,425,000 2,140,000 Markups 95,000 Markup cancellations 15,000 Markdowns 35,000 Markdown cancellations 5,000 Sales 2,250,000 Instructions Compute the inventory by the conventional retail inventory method.

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