Acc422 Intermediate Accounting: E9-19 Presented below is information related to Ricky Henderson

Acc422 Intermediate Accounting

E9-19 (Retail Inventory Method)
Presented below is information related to Ricky Henderson Company.
Cost Retail
Beginning inventory 200,000 280,000
Purchases 1,375,000 2,140,000
Markups 95,000
Markup cancellations 15,000
Markdowns 35,000
Markdown cancellations 5,000
Sales 2,200,000

Instructions
Compute the inventory by the conventional retail inventory method.
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