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Business Math

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Estimate the cost of ending inventory for August for Roman's Jewelry Store using the retail method on the following data:
Cost Retail
Beginning inventory for August $180,000 $288,000
Purchases during August $70,000 $112,000
Net sales during August $80,000

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    Find the net date for an invoice dated August 7, with terms 4/20, 50 Extra.

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