Question: Value with arrow on top is 7000 - / 1 Question 6 of 10 II! View Policies Current Attempt in Progress Culver Inc. had beginning

Value with arrow on top is 7000 - / 1 Question

Value with arrow on top is 7000

- / 1 Question 6 of 10 II! View Policies Current Attempt in Progress Culver Inc. had beginning inventory of $ 22,100 at cost and $ 30,100 at retail. Net purchases were $ 160,000 at cost and $ 207,000 at retail. Net markups were $ 11,000, net markdowns were $1000, and sales were $ 194.000. Calculate the ending inventory at cost using the retail method. (Round intermediate calculation to 2 decimal places, eg. 15.21% and the final answer to 0 decimal places, eg,5,275.) Ending inventory $

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