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Question 4 The following data concerning the conventional retail inventory method are taken from the financial records of Sandhill Company. Cost Retail $ 206000 $

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Question 4 The following data concerning the conventional retail inventory method are taken from the financial records of Sandhill Company. Cost Retail $ 206000 $ 290000 Beginning inventory 898000 1190000 Purchases 23200 Freight-in 78900 Net markups 55700 Net markdowns 1274000 Sales The ending inventory at retail should be $229200. $284900. $252400. $308100

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