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The following data concerning the conventional retail inventory method are taken from the financial records of Crane Company me 10 Cost Retail Beginning inventory $

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The following data concerning the conventional retail inventory method are taken from the financial records of Crane Company me 10 Cost Retail Beginning inventory $ 276000 $ 205000 896000 Purchases 1250000 Freight-in 23300 Net markups 79700 Net markdowns 57100 Sales 1374000 The ending inventory at retail should be O $197900 O $231700. O $174600. O $255000

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