Using the retail method and the following data, estimate the cost of ending inventory. Cost Retail Beginning

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Using the retail method and the following data, estimate the cost of ending inventory.

Cost Retail Beginning inventory . . . . . . . . . . . . $324,000 $530,000 Cost of goods purchased . . . . . . . . 195,000 335,000 Net sales . . . . . . . . . . . . . . . . . . . . 320,000.

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