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Pet Emporium had a robbery on the weekend in which a large amount of inventory...

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Accounting

Pet Emporium had a robbery on the weekend in which a large amount of inventory was taken. The loss is covered completely by insurance. A physical inventory count determined that the cost of the remaining merchandise is $58,000. The following additional information is available:
\table[[Beginning merchandise inventory,At Cost,At Retail],[Purchase returns and allowances,74,500,$3,250
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