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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

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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 cost of goods sold. Data for 2024 are as follows:
\table[[Beginning inventory,Cost,Retail],[Purchases,98,000,$188,000
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