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Oriole Corporation had the following amounts, all at retail: Beginning inventory $3900 Purchases $123000 Purchase returns 6300 Net markups 19500 Abnormal shortage 4300 Net markdowns 3100 Sales 80000 Sales returns 1950 Employee discounts 1750 Normal shortage 2750 What is Oriole's ending inventory at retail? O $51900 O $53650 O $54450

Oriole Corporation had the following amounts, all at retail: Beginning inventory $3900 Purchases $123000 Purchase returns 6300 Net markups 19500 Abnormal shortage 4300 Net markdowns 3100 Sales 80000 Sales returns 1950 Employee discounts 1750 Normal shortage 2750 What is Oriole's ending inventory at retail? O $51900 O $53650 O $54450

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Oriole Corporation had the following amounts, all at retail: Beginning inventory $3900 Purchases $123000 Purchase returns 6300 Net markups 19500 Abnormal shortage 4300 Net markdowns 3100 Sales 80000 Sales returns 1950 Employee discounts 1750 Normal shortage 2750 What is Oriole's ending inventory at retail? O $51900 O $53650 O $54450
Transcribed Image Text:Oriole Corporation had the following amounts, all at retail: Beginning inventory $3900 Purchases $123000 Purchase returns 6300 Net markups 19500 Abnormal shortage 4300 Net markdowns 3100 Sales 80000 Sales returns 1950 Employee discounts 1750 Normal shortage 2750 What is Oriole's ending inventory at retail? O $51900 O $53650 O $54450
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