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Durango Corp. had the accounts and amounts listed below, all at retail. What is Durango's ending inventory at retail using the conventional retail method? Beginning
Durango Corp. had the accounts and amounts listed below, all at retail. What is Durango's ending inventory at retail using the conventional retail method? Beginning inventory $3,564 Purchases $143,550 Purchase returns $5,940 Net markups $17,820 Abnormal shortage $3,960 Net markdowns $2,772 Sales revenues $76,230 Sales returns $1,782 Employee discounts $1,584 Normal shortage $2,574 $73,656 $76,824 $77,616 O $75,240
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