You Dicer uses the conventional retail method to determine its ending inventory at cost. Assume...
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You Dicer uses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at cost (retail) were $390,000 ( $594,000 ), purchases during the current year at cost (retail) were $2,085,000(3,350,000 ), freight-in on the purchases totaled $129,000, purchase returns and allowances at cost (retail) were $30,000($50,000), sales during the current year totaled $3,000,000, and net markups (markdowns) were $72,000($108,000). What is the ending inventory value at cost
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