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Cost Retail Beginning inventory 252,960 281,000 ...

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Accounting

Cost Retail
Beginning inventory 252,960 281,000
Purchases 1,368,000 2,097,000
Markups 93,700
Markup cancellations 15,700
Markdowns 36,900
Markdown cancellations 4,900
Sales revenue 2,243,000
Compute the inventory by the conventional retail inventory method.
Ending inventory using conventional retail inventory method?

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