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Opening inventory at retail for an outerwear department is $190,000. Purchases retail for the following six-month period are $500,000, net sales are $450,000, markdowns are
Opening inventory at retail for an outerwear department is $190,000.
Purchases retail for the following six-month period are $500,000, net sales are $450,000, markdowns are $26,000, returns to vendor are $9,000, and transfers (transfer out) to third floor boutique are $14,000.
Find the retail book inventory at the end of this six-month period
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