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What is the cost of the ending inventory

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Reference no: EM133160001

Question - A company reported the following information regarding its inventory:

Beginning inventory: cost of $20,900; retail of $41,800

Net purchases: cost $43,700; retail $87,400

Sales at retail: $52,250

The year-end inventory showed $76,950 worth of merchandise available at retail prices. What is the cost of the ending inventory?

Reference no: EM133160001

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