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A company reported the following information regarding its inventory. Beginning inventory: cost is $70,000; retail is $130,000
Net purchases: cost is $65,000; retail is $120,000
Sales at retail: $145,000
The year-end inventory showed $105,000 worth of merchandise available at retail prices. What is the cost of the ending inventory?
Millennials
A generation of people born between 1981 and 1996, known for being digital natives and value-driven consumers.
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The demographic cohort following Millennials, typically defined as individuals born from the mid-1990s to the early 2010s, characterized by its comfort with digital technologies and social media.
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