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Business, 15.04.2021 18:10 curlyloo01

Lacy's Linen Mart uses the average cost retail method to estimate inventories. Data for the first six months of 2021 include: beginning inventory at cost and retail were $75,000 and $130,000, net purchases at cost and retail were $322,000 and $490,000, and sales during the first six months totaled $500,000. The estimated inventory at June 30, 2021, would be:

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