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Willie Nelson's Boots uses the conventional retail method to estimate ending inventory. Cost data for the most recent quarter is shown below: Cost Retail Beginning
Willie Nelson's Boots uses the conventional retail method to estimate ending inventory. Cost data for the most recent quarter is shown below: Cost Retail Beginning inventory Net purchases Net markups Net markdowns Net sales $ 41,000 57,000 151,000 213,000 30,000 25,000 215,000 To the nearest thousand, estimated ending inventory using the conventional retail method is (Do not round intermediate calculations) Multiple Choice $65,000. $38,000 $32,000 $46,000
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