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Donner Company had a beginning inventory that cost $72,000, which was marked for retail at $124,000. During 2022, they made purchases with a net cost

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Donner Company had a beginning inventory that cost $72,000, which was marked for retail at $124,000. During 2022, they made purchases with a net cost of $390,000, which they hoped to retail for $701,000. Their actual sales for the year amounted to $715,000. a Use the retail method of inventory estimation to calculate the cost of the year-end inventory for 2022

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