Boyne inc had beginning inventory of 13700 at cost and

Reference no: EM13589404

Boyne Inc. had beginning inventory of $13,700 at cost and $28,700 at retail. Net purchases were $147,850 at cost and $175,000 at retail. Net markups were $11,700; net markdowns were $9,000; and sales revenue was $157,200. Compute ending inventory at cost using the conventional retail method.

Reference no: EM13589404

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