Hutch, Inc., uses the conventional retail inventory method to account for inventory. The following information...
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Hutch, Inc., uses the conventional retail inventory method to account for inventory. The following information relates to current year's operations: Average Cost Retail $600,000$920,000 Beginning inventory and purchases Net markups Net markdowns Sales 40,000 60,000 780,000 What amount should be reported as cost of sales for the year
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