Business
Business, 07.05.2020 07:00, fonsworth5

Swifty Inc. had beginning inventory of $11,000 at cost and $19,800 at retail. Net purchases were $122,300 at cost and $184,200 at retail. Net markups were $11,000, net markdowns were $7,000, and sales revenue was $140,100. Compute ending inventory at cost using the conventional retail method.

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Swifty Inc. had beginning inventory of $11,000 at cost and $19,800 at retail. Net purchases were $12...

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