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The September information for the Norfolk store was as shown below. Opening book inventory at retail $109,000 Opening book inventory at cost 44.00% Net sales
The September information for the Norfolk store was as shown below. Opening book inventory at retail $109,000 Opening book inventory at cost 44.00% Net sales $16,500 Markdowns 6.00% Purchases at retail $29,000 Purchases at cost $10,750 Returns to vendors at cost $3,500 Returns to vendors at retail $8,000.
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
