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What is ramsey inventoriable cost

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Question - Ramsey, Inc., a retail store chain, had the following information in its general ledger for the year 2015.

Merchandise purchased for resale - $454,700

Interest on notes payable to vendors - 4,350

Purchase returns - 8,250

Freight-in - 11,000

Freight-out - 8,550

What is Ramsey's inventoriable cost for 2015?

Reference no: EM131582607

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