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Marigold Inc. had beginning inventory of $13,200 at cost and $21,900 at retail. Net purchases were $129,013 at cost and $168,500 at retail. Net markups
Marigold Inc. had beginning inventory of $13,200 at cost and $21,900 at retail. Net purchases were $129,013 at cost and $168,500 at retail. Net markups were $9,900, net markdowns were $7,300, and sales revenue was $150,400. Compute ending inventory at cost using the conventional retail method.
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