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Compute ending inventory at cost

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Question - Martinez Inc. had beginning inventory of $11,100 at cost and $19,800 at retail. Net purchases were $124,492 at cost and $170,600 at retail. Net markups were $9,000, net markdowns were $7,600, and sales revenue was $142,900. Compute ending inventory at cost using the conventional retail method.

Reference no: EM131928078

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