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Give what is needed ABC Company has the following information: Cost Retail Goods available for sale 451,000 1,100,000 Mark-up 20,000 Employee discounts 12000 Sales discounts

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ABC Company has the following information: Cost Retail Goods available for sale 451,000 1,100,000 Mark-up 20,000 Employee discounts 12000 Sales discounts 3,000 Normal losses 15,000 Additional information: Beginning inventory at cost 14,000 Gross profit under FIFO method 528,580 Cost ratio under conservative method 40% Cost of sales under average method 380,070Compute the following: Sales Beginning inventory, at retail Gross profit, average method FIFO Cost ratio (write in two decimal format) Net mark-down Purchases, at cost Purchases, at retail Gross profit, conservative method

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