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Cost PriceRetail Selling PriceInventory of merchandise, June 30$305,000 $497,000 Purchases during July223,000396,000 Goods available for sale during July$528,000 $893,000 Net sales during July$240,000

Cost PriceRetail Selling PriceInventory of merchandise, June 30$305,000 $497,000 Purchases during July223,000396,000 Goods available for sale during July$528,000 $893,000 Net sales during July$240,000

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