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Question - Pharoah Corporation had the following amounts, all at retail:
Beginning inventory
$4000
Purchases
$124000
Purchase returns
6400
Net markups
20000
Abnormal shortage
4400
Net markdowns
3200
Sales
81000
Sales returns
2000
Employee discounts
1800
Normal shortage
2800
Required - What is Pharoah's ending inventory at retail?
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