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Compute ending inventory at cost

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Question - Sunland Inc. had beginning inventory of $11,700 at cost and $20,700 at retail. Net purchases were $102,126 at cost and $155,700 at retail. Net markups were $10,200, net markdowns were $7,400, and sales revenue was $138,600. Compute ending inventory at cost using the conventional retail method?

Reference no: EM132509831

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