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1. Blossom Corporation had the following amounts, all at retail: Beginning inventory $ 4600 Purchases $130000 Purchase returns 7000 Net markups 23000 Abnormal shortage 5000

1.Blossom Corporation had the following amounts, all at retail:

Beginning inventory

$ 4600

Purchases

$130000

Purchase returns

7000

Net markups

23000

Abnormal shortage

5000

Net markdowns

3800

Sales

87000

Sales returns

2300

Employee discounts

2100

Normal shortage

3100

What is Blossom's ending inventory at retail?

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