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E 9-14 Conventional retail method [ LO9-3 Colonial Corporation uses the retail method to value its inventory. The following information is available for the year:

image text in transcribed E 9-14 Conventional retail method [ LO9-3 Colonial Corporation uses the retail method to value its inventory. The following information is available for the year: Required: Determine ending inventory and cost of goods sold by applying the conventional retail method using the information provided

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