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Portman Inc. uses the conventional retail inventory method. Expressed in millions of dollars, information about Portman's 2021 inventory account is expressed in the table below:

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Portman Inc. uses the conventional retail inventory method. Expressed in millions of dollars, information about Portman's 2021 inventory account is expressed in the table below: Cost $ 60 1,170 35 Retail $ 100 2,220 50 Beginning inventory Purchases Freight-in Purchase returns Net markups Net markdowns Normal spoilage Net sales 125 270 110 65 1,990 What is the value of Portman's inventory at 12/31/2021

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