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Business, 28.06.2019 02:20 trippyjazmine

Campbell corporation uses the retail method to value its inventory. the following information is available for the year 2018: cost retail merchandise inventory, january 1, 2018 $ 290,000 $ 290,000 purchases 622,000 920,000 freight-in 18,000 net markups 30,000 net markdowns 5,000 net sales 900,000 required: determine the december 31, 2018, inventory by applying the conventional retail method.

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