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Business, 24.04.2020 17:29 grosst4333
Windsor Inc. had beginning inventory of $11,700 at cost and $19,700 at retail. Net purchases were $130,016 at cost and $169,800 at retail. Net markups were $10,100, net markdowns were $6,800, and sales revenue was $157,900. Compute ending inventory at cost using the conventional retail method. (Round ratios for computational purposes to 0 decimal places, e. g. 78% and final answer to 0 decimal places, e. g. 28,987.)
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Windsor Inc. had beginning inventory of $11,700 at cost and $19,700 at retail. Net purchases were $1...
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