Question: pls help find the ending inventory at retail :) The records for the Clothing Department of Sage's Discount Store are summarized below for the month
The records for the Clothing Department of Sage's Discount Store are summarized below for the month of January. Inventory. January 1: at retail $25,000; at cost $16,900 Purchases in January: at retail $138.000; at cost $92,444 Frelght-in: $6,900 Purchase returns: at retail $3,000; at cost $2,300 Transters in from suburban branche at retail $13,000; at cost $9,000 Net markups:57,800 Net markdowns: $4.000 Inventory losses due to normal breakage, etc: at retail $300 Sales revenue at retail: $93,100 Sales returns: $2,400 (a) Compute the inventory for this department as of January 31 , at retail prices. Ending inventory at retail
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