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Question 2 Revisit Choose the best option 0 40000 A retail entity maintains a markup of 25% based on cost. The entity has the following

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Question 2 Revisit Choose the best option 0 40000 A retail entity maintains a markup of 25% based on cost. The entity has the following information for the current year: Purchases of merchandise 690,000, Freight-in on purchases 25,000, Sales 900,000, and Ending inventory 80,000 Beginning inventory was 85000 O 110,000 O 265,000

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