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What is the estimated cost of the ending inventory

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The ABC Department Store uses the conventional retail inventory method. The following information is available at December 31, 2019:

                                            Cost                  Retail

Beginning inventory               $ 37,800          $ 60,000

Purchases                          200,000              290,000

Freight-in                          7,200

Sales                            275,000

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Question 1: What is the estimated cost of the ending inventory

Reference no: EM132518397

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