The following data were taken from the accounts of Burnside Bedknobs, a retail business. Sales Sales...

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The following data were taken from the accounts of Burnside Bedknobs, a retail business. Sales Sales returns and allowances $116,200 1,090 Sales discounts 390 Merchandise inventory, January 1 31,600 Purchases during the period 106,900 Purchases returns and allowances during the period 2,150 Purchases discounts taken during the period 2,730 Freight-in on merchandise purchased during the period 1,560 Merchandise inventory, December 31 49,100 Determine the gross profit. The following data were taken from the accounts of Burnside Bedknobs, a retail business. Sales Sales returns and allowances $116,200 1,090 Sales discounts 390 Merchandise inventory, January 1 31,600 Purchases during the period 106,900 Purchases returns and allowances during the period 2,150 Purchases discounts taken during the period 2,730 Freight-in on merchandise purchased during the period 1,560 Merchandise inventory, December 31 49,100 Determine the gross profit.

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