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ABC Company reported the following information relating to its inventory: freight-in. purchase returns 5,000 478,000 7,000 ABC Company also reported the following financial statement ratios:

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ABC Company reported the following information relating to its inventory: freight-in. purchase returns 5,000 478,000 7,000 ABC Company also reported the following financial statement ratios: number of days' sales in inventory gross margin rate . 73 days 25% .. . Calculate ABC Company's beginning inventory

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