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Business, 05.05.2020 05:33 khloenm309

Crane uses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at cost (retail) were $378000 ($582000), purchases during the current year at cost (retail) were $1815000 ($3060000), freight-in on these purchases totaled $117000, sales during the current year totaled $2760000, and net markups (markdowns) were $60000 ($96000). What is the ending inventory value at cost

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Crane uses the conventional retail method to determine its ending inventory at cost. Assume the begi...
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