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Doorbell Inc. uses the conventional retail method to estimate ending Inventory. Cost data for the most recent quarter is shown below. Beginning inventory Net purchases

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Doorbell 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 $121,000 $200,000 420,000 721,000 55,000 30,000 694,000 The estimated ending inventory (to the nearest thousand) using the conventional retail method is: (Do not round intermediate calculations

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