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Clarabell Inc. uses the conventional retail method to estimate ending inventory. Cost data for the most recent quarter is shown below: Beginning inventory Net purchases
Clarabell Inc. uses the conventional retail method to estimate ending inventory. Cost data for the most recent quarter is shown below: Beginning inventory Net purchases Net markups Net markdowns Net sales Cost Retail $129,000 $220,000 436,000 737,000 60,000 26,000 702,000 To the nearest thousand, estimated ending inventory using the conventional retail method is: (Do not round intermediate calculations.)
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