ACCT 310 Golden State Warriors Products Uses The Conventional Retail Golden State Warriors Products uses the conventional retail method to estimate its ending inventories. The following data has been summarized for the year 2015: Cost Retail Inventory, January 1 $ 63,000 $ 88,000 Purchases 332,360 476,000 Net markups 10,000 Net markdowns 16,700 Net sales 392,000 Required: Estimate the ending inventory as of December 31, 2015, using the conventional retail method. You must show your work.
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