Darla's Card Shop uses the average cost retail inventory method to determine the ending nventory....
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Accounting
Darla's Card Shop uses the average cost retail inventory method to determine the ending nventory. Darla's accounting records for the current year contained the following nformation: Cost $216,000 Purchases Sales Beginning inventory Net markups Net markdowns Retai $317,500 350,000 78,500 12,000 8,000 64,000 In addition, sales returns for the year were $28,000, and employee discounts taken were $6,000. What is the cost of the ending inventory O$54,600 O$35,000 O$58,800 O$50,400
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