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Compute ending inventory at cost using LIFO retail method

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Question - Swifty Inc. had beginning inventory of $10,890 at cost and $19,800 at retail. Net purchases were $124,212 at cost and $184,200 at retail. Net markups were $11,000, net markdowns were $7,000, and sales revenue was $162,200. Compute ending inventory at cost using the LIFO retail method.

Reference no: EM133058185

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