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FOURCO uses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at cost (retail) were $390,000 (5594,000), purchases during

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FOURCO uses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at cost (retail) were $390,000 (5594,000), purchases during the current year at cost (retail) were $2,055,000 ($3,300,000), sales during the current year totaled $3,000,000, and net markups (markdowns) were 572,000 ($108,000). What is the ending inventory value at cost

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