1 Determine the ending inventory under the conventional retail method for the furniture department of Tamarisk Department Stores from the following data Cost Retail Inventory, Jan 1 $152,400 $287,600 Purchases 1,426,400 2,070,000 Freight in 70,900 Markups, net 95,900 Markdowns, net 46,500 Sales revenue 2,093,100 Ending inventory

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Question: 1. Determine the ending inventory under the conventional retail method for the furniture department of Tamarisk Department Stores from the following data. Cost Retail Inventory,

1. Determine the ending inventory under the conventional retail method for the furniture department of Tamarisk Department Stores from the following data.

	Cost		Retail
Inventory, Jan. 1		$152,400		$287,600
Purchases		1,426,400		2,070,000
Freight-in		70,900
Markups, net				95,900
Markdowns, net				46,500
Sales revenue				2,093,100

Ending inventory --> _______

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