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The following data concerning the conventional retail inventory method are taken from the financial records of Sheridan Company. Beginning inventory Purchases Freight-in Net markups Net

The following data concerning the conventional retail inventory method are taken from the financial records of Sheridan Company. Beginning inventory Purchases Freight-in Net markups Net markdowns Sales Cost $194000 902000 24800 The ending inventory at retail should be Retail $284000 1180000 80700 56700 1344000
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The ending imventory at retail should be

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