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*BE6-12 On June 30, Fabre Fabrics has the following data pertaining to the retail inventory

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*BE6-12 On June 30, Fabre Fabrics has the following data pertaining to the retail inventory
method: Goods available for sale: at cost $35,000, at retail $50,000; net sales $40,000, and ending inventory at retail $10,000. Compute the estimated cost of the ending inventory using the retail inventory method

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