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Presented below is information related to Tamarisk Inc. Cost Retail Inventory, 12/31/25 $247,100 $390,000 Purchases 930,823 1,484,000 Purchase returns 59,000 78,500 Purchase discounts 18,400
Presented below is information related to Tamarisk Inc. Cost Retail Inventory, 12/31/25 $247,100 $390,000 Purchases 930,823 1,484,000 Purchase returns 59,000 78,500 Purchase discounts 18,400 Gross sales revenue - Sales returns - Markups Markup cancellations Markdowns Markdown cancellations 1,410,500 98,700 118,400 39,600 Freight-in Employee discounts granted Loss from breakage (normal) 45,300 20,000 42,800 7,900 5,000 Assuming that Tamarisk Inc. uses the conventional retail inventory method, compute the cost of its ending inventory at December 31, 2026. Ending inventory using the conventional retail inventory method 305000
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