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Problem 9-4 Suzie's Gymnastic Supply Company had a flood. Her ending inventory last year was $500,000. Her average markup is 150% of the cost of

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Problem 9-4 Suzie's Gymnastic Supply Company had a flood. Her ending inventory last year was $500,000. Her average markup is 150% of the cost of an item. Her sales to the date of the flood were 600,000. She had purchased $400,000 in inventory prior to the flood. How much inventory did she lose? Show your calculations

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