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Apply the retail method to the following information and calculate the cost of the ending inventory: Cost Retail Inventory, beginning $16,080 $31,060 Purchases, net 47,050

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Apply the retail method to the following information and calculate the cost of the ending inventory: Cost Retail Inventory, beginning $16,080 $31,060 Purchases, net 47,050 90,700 Sales 98,000

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