=+April 30 by the retail method: Cost Retail April 1 Merchandise inventory $ 180,000 $ 300,000 April
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=+April 30 by the retail method:
Cost Retail April 1 Merchandise inventory $ 180,000 $ 300,000 April 1–30 Purchases (net) 1,200,000 2,000,000 April 1–30 Sales (net) 2,025,000 The merchandise inventory was destroyed by fire on October 11. The following data
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