The records for the Clothing Department of Sharapova’s Discount
P9-6 (Retail Inventory Method) The records for the Clothing Department of Sharapova’s Discount Store are summarized below for the month of January. Inventory, January 1, at retail: $25,000 at cost: $17,000 Purchases in January, at retail: 137,000 at cost: 82,500 Freight-in, 7,000 Purchases returns, at retail: 3,000 at cost: 2,300 Transfers in from suburban branch, […]
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