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Compute ending inventory at cost using the conventional retail inventory method. COST RETAIL Beginning Inventory 6 , 0 0 0 1 1 , 0 0

Compute ending inventory at cost using the conventional retail inventory method.
COST RETAIL
Beginning Inventory 6,00011,000
Purchases 12,00021,000
Purchase returns 200600
Freight in 300
Net markups 1,700
Net markdowns 600
Sales Revenue 26,000

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