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Compute inventory by conventional retail inventory method

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Reference no: EM131816061

Question - Retail Inventory Method

Presented below is information related to Kuchinsky Company.

Cost

Retail

Beginning inventory

$244,000

$341,600

Purchases

1,677,500

2,610,800

Markups

115,900

Markup cancellations

18,300

Markdowns

42,700

Markdown cancellations

6,100

Sales

2,684,000

Compute the inventory by the conventional retail inventory method.

Reference no: EM131816061

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Compute inventory by conventional retail inventory method : Presented below is information related to Kuchinsky Company. Compute the inventory by the conventional retail inventory method
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