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Presented below is information related to Mantle Company. Instructions: Compute the inventory by the conventional retail inventory method. Cost $ 50,000 343,750 Retail Beginning inventory

Presented below is information related to Mantle Company.

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Instructions: Compute the inventory by the conventional retail inventory method.

Cost $ 50,000 343,750 Retail Beginning inventory Purchases Markups Markup cancellations Markdowns Markdown cancellations Sales revenue $ 70,000 535,000 23,750 3,750 8,750 1,250 550,000

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