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St corporation lost its inventory in a fire and they have asked you to calculate the value of Ending Inventory based on the following info:

St corporation lost its inventory in a fire and they have asked you to calculate the value of Ending Inventory based on the following info: Beginning inventory $250,000 , Sales $980,000 , Purchases $590.000, Sales returns $55,000 , Purchase returns $30,000 . Average Gross Profit margin 55% . Show All work!

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