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Compute the ending inventory at retail

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Question - Presented below is information related to Bonita Company.

 

Cost

Retail

Beginning inventory

$55,350

$105,100

Purchases (net)

134,190

199,600

Net markups

 

9,339

Net markdowns

 

25,842

Sales revenue

 

192,900

Required - Compute the ending inventory at retail.

Reference no: EM131730866

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