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Bramble Inc. had beginning inventory of 1 9 , 5 0 0 at retail. Net purchases were 1 6 9 , 9 0 0 at

Bramble Inc. had beginning inventory of 19,500 at retail. Net purchases were 169,900 at retail. Net markups were 7,000, and sales revenue was $132,900. Compute ending inventory at cost using the conventional retail method.

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