Question: Can someone please explain why my answer is incorrect? And what is the correct answer Exercise 9-22 x Your answer is incorrect. Try again. The

Can someone please explain why my answer is incorrect? And what is the correct answerCan someone please explain why my answer is incorrect? And what is

Exercise 9-22 x Your answer is incorrect. Try again. The records of Sage's Boutique report the following data for the month of April. Sales revenue Sales returns Markups Markup cancellations $103,700 2,100 9,600 1,600 8,700 3,000 2,400 Purchases (at cost) Purchases (at sales price) Purchase returns (at cost) Purchase returns (at sales price) Beginning inventory (at cost) Beginning inventory (at sales price) $50,700 95,600 2,100 3,200 26,376 48,400 Markdowns Markdown cancellations Freight on purchases Compute the ending inventory by the conventional retail inventory method. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28,987.) X Ending inventory using conventional retail inventory method 25177

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