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21-10-2022
Business

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garrison company uses the retail method of inventory costing. it started the year with an inventory that had a retail sales value of $38,000. during the year, garrison purchased inventory with a retail sales value of $768,200. after performing a physical inventory, garrison computed the inventory at retail to be $53,600. the markup is 100% of cost. what is the ending inventory at its estimated cost?

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