Question: I have done this about 5 different times with different answers each time. Can you help me figure out the correct answer please? Current Attempt
I have done this about 5 different times with different answers each time. Can you help me figure out the correct answer please?
Current Attempt in Progress As of January 1, 2017, Bramble Inc. adopted the retail method of accounting for its merchandise inventory. To prepare the store's financial statements at June 30, 2017, you obtain the following data. Cost $28,700 Inventory, January 1 Markdowns Markups Markdown cancellations Markup cancellations Purchases Sales revenue Purchase returns Sales returns and allowances Selling Price $45,300 10,100 10,000 7.000 3,400 155,400 156,900 4,300 7.800 110.310 3,000 Part 1 x Your answer is incorrect. Compute Bramble's June 30, 2017, inventory under the conventional retail method of accounting for inventories. (Round ratios for computational purposes to O decimal places, e.g. 78% and final answer to decimal places, e.g. 28,987.) Inventory under the conventional retail method $ 32637
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