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The Imelda Marcos Shoe Store Had an Inventory of $250,000

Question 228

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The Imelda Marcos shoe store had an inventory of $250,000 on January 1,1981.On July 1,1981 inventory was $237,000.At the close of business on December 31,1981,it was $244,000.How much was the store's inventory investment during the year?

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