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Quick Book inventory question
As a part of your job, you are asked to find the book inventory @ retail and @ cost with the following data from May.Cost RetailOpening inventory $44,800 $62,400Net purchases 13,116 29,710Freight 160Net transfers out (use as reduction) 244 718Gross sales 28,368Customer returns 3,134Net markdowns 1,724Employee discounts 265
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