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Compute ending inventory at cost using lifo retail method

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Question - Bonita Inc. had beginning inventory of $10,920 at cost and $18,200 at retail. Net purchases were $112,104 at cost and $158,800 at retail. Net markups were $9,200, net markdowns were $6,700, and sales revenue was $143,600. Compute ending inventory at cost using the LIFO retail method.

Reference no: EM132164751

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