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Melissa's Dress Shop inventory at cost on January 1 was $19,400. Its retail value was $36,000. During the year, additional net purchases at a cost

Melissa's Dress Shop inventory at cost on January 1 was $19,400. Its retail value was $36,000. During the year, additional net purchases at a cost of $42,600 was brought in. Its retail value was $64,000. The net sales for the year was $70,000. Melissa's inventory at cost by the retail method is:

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