Calculate the ending inventory at cost

Reference no: EM131814083

Question: Marigold Inc. had beginning inventory of $20,400 at cost and $30,700 at retail. Net purchases were $158,000 at cost and $212,000 at retail. Net markups were $10,000, net markdowns were $7,100, and sales were $190,000.

Calculate the ending inventory at cost using the conventional retail method.

Reference no: EM131814083

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