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Campbell Corporation uses the retail method to value its inventory The following information is available for the year 2018 Cost Retail Merchandise inventory, January 1,

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Campbell Corporation uses the retail method to value its inventory The following information is available for the year 2018 Cost Retail Merchandise inventory, January 1, 2818 Purchases Freight-in Net markups Net markdowns Net sales $340,800 $295,800 669,800 966,000 23,800 35,880 5,500 950,e00 Required: Determine the December 31, 2018, Inventory by applying the conventional retail method. Cost Retal Cost-t Beginning inventory Plus Purchases Freight-in Net markups Less: Net markdowns Goods available for sale Less Net sales Estimated ending inventory at netail Estimated endingg inventory at cost eto search

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