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Business, 09.04.2021 05:00 lilpetals

Waterway Inc. had beginning inventory of $27,600 at cost and $46,000 at retail. Net purchases were $276,000 at cost and $391,000 at retail. Net markups were $23,000, net markdowns were $16,100, and sales revenue was $338,100. Assume the price level increased from 100 at the beginning of the year to 115 at year-end. Compute ending inventory at cost using the dollar-value LIFO retail method

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Waterway Inc. had beginning inventory of $27,600 at cost and $46,000 at retail. Net purchases were $...
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