Question: Here is what I solved before, please modify the figures as per your question. Please let me know if you have further questions. Ifthis helps

Here is what I solved before, please modify the figures as per your question. Please let me know if you have further questions. Ifthis helps then kindly rate 5-stars.

Presented below is information related to Waveland Inc.

Cost

Retail

Inventory, 12/31/14

$268,800

$397,000

Purchases

1,023,809

1,469,000

Purchase returns

63,580

81,500

Purchase discounts

19,420

Gross sales revenue

1,416,900

Sales returns

97,400

Markups

124,600

Markup cancellations

40,400

Markdowns

55,000

Markdown cancellations

29,200

Freight-in

42,420

Employee discounts granted

8,100

Loss from breakage (normal)

5,100

Assuming that Waveland Inc. uses the conventional retail inventory method, compute the cost of its ending inventory at December 31, 2015.

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