Boynton Beachwear Inc. had beginning inventory of $40,000 at cost and $48,000 at retail. Net purchases were $210,000 at cost and $244,000 at retail. Net markups were$6,000, net markdowns were $18,000, and sales revenue was $230,000.

Compute ending inventory at cost using the conventional retail method.

Answer rating: 100% (QA)

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