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Net markdowns were 8200 and sales revenue was 151200

Question - Boyne Inc. had beginning inventory of $18,000 at cost and $24,000 at retail. Net purchases were $128,280 at cost and $176,500 at retail. Net markups were $11,500; net markdowns were $8,200; and sales revenue was $151,200. Compute ending inventory at cost using the conventional retail method.

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Accounting Basics: Net markdowns were 8200 and sales revenue was 151200

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Accounting Basics: Net markdowns were 8200 and sales revenue was 151200

Reference No:- TGS02873490

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