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I know the answer is $311,000. I just need the steps to get to the answer, thank you! Find the closing inventory at retail of

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I know the answer is $311,000. I just need the steps to get to the answer, thank you!

Find the closing inventory at retail of a furniture department if: Retail Net sales $330,000 Opening inventory $325,000 Markdowns 15% Returns to vendors $18,000 Employee discounts $6,500 Purchases $390,000

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