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Business, 03.05.2021 14:40 journeyhile5

Hawkeye Auto Parts uses the average cost retail method to estimate inventories. Data for the first six months of 2021 include: beginning inventory at cost and retail were $59,000 and $104,000, net purchases at cost and retail were $789,000 and $1,304,000, and sales during the first six months totaled $804,000. The estimated inventory at June 30, 2021, would be:

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