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Compute ending inventory at cost

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Question - Boyne Inc. had beginning inventory of $13,800 at cost and $23,200 at retail. Net purchases were $133,970 at cost and $177,600 at retail. Net markups were $10,300; net markdowns were $7,500; and sales revenue was $155,700. Compute ending inventory at cost using the conventional retail method.

Reference no: EM132036295

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