Question: please show work eBook Print Question 14 Not changed since last attempt Marked out of 1.00 P Flag question Estimating Inventory Using Retail Inventory Method-Conventional

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eBook Print Question 14 Not changed since last attempt Marked out of 1.00 P Flag question Estimating Inventory Using Retail Inventory Method-Conventional Outlet Store applies the conventional retail inventory method. Information relating to the computation of inventory for 2020 follows. Estimated normal spoilage is 2% of sales. Support At Cost At Retail Beginning inventory $72,000 $144,000 Sales 1,080,000 Purchases 540,000 1,062,000 Freight-in 14,400 Markups 108,000 Markup cancellations 36,000 Markdowns 45,000 Markdown cancellations 9,000 Calculate estimated ending inventory for 2020 using the conventional retail method. Do not round the cost ratio in your calculations. Round your final answer below to the nearest dollar. Ending inventory $ 79,403 21 MacBc esc DU OOD OOO

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