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Homework answers / question archive / Wally Company uses the conventional retail inventory method
Wally Company uses the conventional retail inventory method. Cost Retail Beginning Inventory $10233 $32,811 Net Purchases $50000 $135,186 Freight-In $2355 Net Markups $2,490 Net Markdowns $19.944 Spoilage $300 Theft $6,526 Employee Discounts $1,830 Sales $60000 What is the value of ending inventory at cost? Do not round your cost to retail ratio- leave all the decimals in your calculator or excel model. Round your final answer to the nearest whole number.
