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PEONY Company wants to estimate its ending inventory for one of its retail stores as of March 31, 2022. The company was given beginning inventory amounts of $1,276,000 (cost) and $2,200,000 (retail), gross purchases of $4,872,000 (cost) and $7,892,000 (retail), and purchase returns of $348,000 (cost) and $545,200 (retail). Additional inventory was received from another store for $1,062,560 (cost) and $1,624,000 (retail), and there were price increases of $266,800 and decreases of $208,800. Gross sales were

Author

RENATO CAPUNO

Language

EN