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Compute the inventory by the conventional retail inventory

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Reference no: EM131829379

Problem - Retail Inventory Method) Presented below is information related to Kuchinsky Company.

Cost Retail

Beginning inventory $200,000 $280,000

Purchases 1,425,000 2,140,000

Markups 95,000

Markup cancellations 15,000

Markdowns 35,000

Markdown cancellations 5,000

Sales 2,250,000

Instructions - Compute the inventory by the conventional retail inventory method.

Reference no: EM131829379

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