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Hayes Company uses the retail inventory method to compute the estimated cost of the ending inventory. Net Sales :$260,000 Beginning Inventory, Cost:47,766 Beginning Inventory, Retail:72,100

Hayes Company uses the retail inventory method to compute the estimated cost of the ending inventory.

Net Sales :$260,000

Beginning Inventory, Cost:47,766

Beginning Inventory, Retail:72,100

Net Purchases, Cost:166,544

Net Purchases, Retail: 297,400

Compute the estimated ending inventory at cost.

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