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Presented below is information related to Waterway Company. Cost Retail Beginning inventory $374,710 $283,000 Purchases 1,393,000 2,165,000 Markups 93,800 Markup cancellations 16,500 Markdowns 37,300 Markdown cancellations 4,500 Sales revenue 2,181,000 Compute the inventory by the conventional retail inventory method.

User Niatia
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Answer:

$218,050

Step-by-step explanation:

Please see attachment.

Presented below is information related to Waterway Company. Cost Retail Beginning-example-1
User Gplumb
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