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Required information [ The following information applies to the questions displayed below. ] Sparrow Company uses the retail inventory method to estimate ending inventory and

Required information
[The following information applies to the questions displayed below.]
Sparrow Company uses the retail inventory method to estimate ending inventory and cost of goods sold. Data for 2024
are as follows:
The company records sales net of employee discounts. Employee discounts for 2024 totaled $4,300.
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