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SplishInc. had beginning inventory of $11,800at cost and $21,000at retail. Net purchases were $119,550at cost and $153,400at retail. Net markups were $10,600, net markdowns were

SplishInc. had beginning inventory of $11,800at cost and $21,000at retail. Net purchases were $119,550at cost and $153,400at retail. Net markups were $10,600, net markdowns were $6,400, and sales revenue was $141,800. Compute ending inventory at cost using the conventional retail method.

What is the ending inventory using the conventional retail method?

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