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Orioleuses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at cost (retail) were $393000($597000), purchases during the current

Orioleuses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at cost (retail) were $393000($597000), purchases during the current year at cost (retail) were $2115000($3360000), freight-in on these purchases totaled $132000, sales during the current year totaled $3060000, and net markups (markdowns) were $75000($111000). What is the ending inventory value at cost?

a. $587535.

b. $861000.

c. $563955.

d. $650415.

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