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Ivanhoe Co. uses the conventional retail inventory method. The following information is available for the...

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Accounting

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Ivanhoe Co. uses the conventional retail inventory method. The following information is available for the current year. Retail Cost $ 309000 $483000 Beginning inventory 1110000 1690000 Purchases 15500 Freight-in 8400 Employee discounts 56000 Net markups 91000 Net markdowns Sales revenue 1490000 The ending inventory at retail should be $675900 $730600 $639600 $690100 d 3

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