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Question 10 Presented below is information related to Manama Company. Cost Beginning inventory $550,000 Purchases 2,100,000 Markups Markup cancellations Markdowns Markdown cancellations Sales Sales returns

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Question 10 Presented below is information related to Manama Company. Cost Beginning inventory $550,000 Purchases 2,100,000 Markups Markup cancellations Markdowns Markdown cancellations Sales Sales returns Retail $600,000 3,700,000 170,000 60,000 52,000 15,000 4,500,000 550,000 Required: Compute the ending inventory at retail and at cost by the conventional retail inventory method (Show your calculations). For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BI S. Paragraph Arial 10pt 2 = Ev A I. * 1 55 11 HD FP E () E

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