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Exercise 9-8 Boyne Inc. had beginning inventory of $13,000 at cost and $20,500 at retail. Net...

Exercise 9-8 Boyne Inc. had beginning inventory of $13,000 at cost and $20,500 at retail. Net purchases were $142,850 at cost and $176,500 at retail. Net markups were $10,800; net markdowns were $9,100; and sales revenue was $147,100. Compute ending inventory at cost using the conventional retail 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 the conventional retail method

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