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Problem - The following figures are from a small boutique, which has a 54% markup:
Opening book inventory at retail $16,000
Net sales $6,000
Markdowns $2,000
Purchases (retail) $40,000
a. Determine the retail book inventory for the period.
b. Convert the closing retail book inventory figure to the cost value.
from records available in various offices of baraga county you find the following information about changes in
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