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What is the estimated cost of the ending inventory

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Question - Patel Packing had the following information for its inventory: Beginning inventory: cost $107,000; retail $130,000 Net purchases: cost $58,000; retail $120,000 Sales at retail: $145,000 What is the estimated cost of the ending inventory?

a) $44,188

b) $57,102

c) $57,750

d) $69,300

e) $105,000

Reference no: EM132524766

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