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could someone explain this plz Question 8 (1 point) Just Retail Ltd tries to determine ending inventory when preparing its quarterly financial statements. During the

image text in transcribedcould someone explain this plz

Question 8 (1 point) Just Retail Ltd tries to determine ending inventory when preparing its quarterly financial statements. During the most recent quarter which ended on June 30, the company purchased $2,000,000 of inventory, returned inventory costing $30,000 and also took advantage of purchase discounts of $24,000. Inventory on hand at the beginning of the quarter (April 1) was $600,000. In the last couple of years, the company has had a gross Estimate the dollar amount of ending inventory on hand at June 30. points. Again, please state the number only without dollar signs, commas, periods, and decimal points for your answer. For example, if the answer happens to be 12345, then you must simply put 12345

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