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Boyne inc had beginning inventory of 15600 at cost and

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Boyne Inc. had beginning inventory of $15,600 at cost and $26,000 at retail. Net purchases were $156,000 at cost and $221,000 at retail. Net markups were $13,000; net markdowns were $9,100; and sales were $204,100. Compute ending inventory at cost using the conventional retail method.

Reference no: EM13592777

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