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A company reported the following information regarding its inventory. Beginning inventory: cost is $86,000; retail is $146,000. Net purchases: cost is $81,000; retail is $136,000.
A company reported the following information regarding its inventory.
| Beginning inventory: cost is $86,000; retail is $146,000. |
| Net purchases: cost is $81,000; retail is $136,000. |
| Sales at retail: $161,000. |
| The year-end inventory showed $121,000 worth of merchandise available at retail prices. What is the cost of the ending inventory? |
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Electronic Health Records An Audit And Internal Control Guide
Authors: Rebecca S. Busch
1st Edition
0470258209, 978-0470258200
