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The following information is available for the past month for a retail store: Sales Markups Markdowns Purchases (at cost) Purchases (at retail) Beginning inventory (at

The following information is available for the past month for a retail store: Sales Markups Markdowns Purchases (at cost) Purchases (at retail) Beginning inventory (at cost) Beginning inventory (at retail) $82,000 $9,000 $7,000 $38,800 $107.000 $30,000 $46,972 What is the ending inventory at cost using the conventional retail method? (Round cost-to-retail ratios to four decimal places.) O A. $73,972 O B. $31,231 OC. $75,000 OD. $162,972

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