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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,
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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