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The records of Headland’s Boutique report the following data for the month of April. Sales revenue...

The records of Headland’s Boutique report the following data for the month of April.

Sales revenue $100,000 Purchases (at cost) $44,600
Sales returns 2,000 Purchases (at sales price) 87,600
Markups 10,900 Purchase returns (at cost) 2,000
Markup cancellations 1,500 Purchase returns (at sales price) 2,900
Markdowns 8,500 Beginning inventory (at cost) 29,200
Markdown cancellations 2,700 Beginning inventory (at sales price) 48,400
Freight on purchases 2,300

Compute the ending inventory by the conventional retail inventory method. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28,987.)
Ending inventory using conventional retail inventory method
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