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6. Crane Sales Company uses the retail inventory method to value its merchandise inventory. The following information is available for the current year: Cost Retail

6. Crane Sales Company uses the retail inventory method to value its merchandise inventory. The following information is available for the current year:

Cost Retail

Beginning inventory $ 60,000 $ 90,000

Purchases 380,000 520,000

Freight-in 5,000

Net markups 17,000

Net markdowns 20,000

Sales revenue 410,000

What is the cost of ending inventory using the conventional method?

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