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BOSTON COMPANY Inventory January 1 Purchases Cost S 500 Retail Price S 1,000 20,000 35.000 3.000 25.000 You are required to calculate the inventory on

BOSTON COMPANY Inventory January 1 Purchases Cost S 500 Retail Price S 1,000 20,000 35.000 3.000 25.000 You are required to calculate the inventory on December 31 assuming that BOSTON Company is using the retail convention Mark-ups Sales (net) A B I 2

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