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help please with problem The following data concerning the retail Inventory method are taken from the financial records of Crane Company. Cost Retail Beginning inventory
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The following data concerning the retail Inventory method are taken from the financial records of Crane Company. Cost Retail Beginning inventory $ 188000 $ 279000 Purchases 887000 1370000 Freight-in 24600 Net markups 80100 Net markdowns 56600 Sales 1234000 Assuming no change in the price level If the LIFO inventory method were used in conjunction with the data, the ending Inventory at cost would be $291779. $276031. O $320077 $295477 Step by Step Solution
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