The records of Pronghorn Menswear report the following data for the month of September: Sales Sales returns Additional markups Markup cancellations Markdowns Markdown cancellations Freight on purchases $118,000 3,000 11,200 1,600 10,100 3,000 4,600 Purchases (at cost) Purchases (at sales price) Purchase returns (at cost) Purchase returns (at sales price) Beginning inventory (at cost) Beginning inventory (at sales price) $59,100 118,000 3,500 3,500 34,762 49,600

The records of Pronghorn Menswear report the following data for the month of September: Sales Sales returns Additional markups Markup cancellations Markdowns Markdown cancellations Freight on purchases $118,000 3,000 11,200 1,600 10,100 3,000 4,600 Purchases (at cost) Purchases (at sales price) Purchase returns (at cost) Purchase returns (at sales price) Beginning inventory (at cost) Beginning inventory (at sales price) $59,100 118,000 3,500 3,500 34,762 49,600

Name: 5. The records of Pronghorn Menswear report the following data for the
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Description: 5. The records of Pronghorn Menswear report the following data for the month of September:SalesSales returnsAdditional markupsMarkup cancellationsMarkdownsMarkdown cancellationsFreight on purchases(a)Ending inventory, at retail$118,000Ending inventor

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter7: Inventories

Section: Chapter Questions

Problem 4PB: The beginning inventory for Dunne Co. and data on purchases and sales for a three-month period are...

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