What is the cost of the ending inventory

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Reference no: EM13794799

A company reported the following information regarding its inventory.

Beginning inventory: cost is $86,000; retail is $146,000.

Net purchases: cost is $81,000; retail is $136,000.

Sales at retail: $161,000.

The year-end inventory showed $121,000 worth of merchandise available at retail prices. What is the cost of the ending inventory?

Reference no: EM13794799

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