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Waterway's sells budget-friendly fashions in a modern setting. It started its fiscal year with Merchandise Inventory of $20,400. During the year, purchases of $88,700 were

Waterway's sells budget-friendly fashions in a modern setting. It started its fiscal year with Merchandise Inventory of $20,400. During the year, purchases of $88,700 were made. If COGS for the fiscal year amounted to $104,200, how much Merchandise Inventory did the company hold at year-end? Merchandise inventory $enter the amount of merchandise inventory in dollars

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