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Presented belows Information related to Kuchinsky Company Cost 200.000 1.425.000 Beginning inwentory Purchases Markups Markup...

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Accounting

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Presented belows Information related to Kuchinsky Company Cost 200.000 1.425.000 Beginning inwentory Purchases Markups Markup cancellations Markdows Markdown cancellations Sales Retall 260,000 2,140,000 95.000 15.000 25,000 5,000 2,250,000 Compute the inventory by the conventional retall Inventory method. (Round answer to decimal places, .g. 5,275) Inventory dy Questions Kerler, Inc. estimates the cost of its physical Inventory at March 31 for use in an interim financial statement. The rate of markup on cost is 25%. The following account balances are available Inwentary, March 1 $220,000 Purchases 172,000 Purchase returns 8,000 Sales during March 300,000 The time of the cost of Inventory at March 31 would be O 184.000. $144,000 O $112.000 O 159,000

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