Using the following figures, determine closing book inventory (not all information given may be needed): Opening inventory

Using the following figures, determine closing book inventory (not all information given may be needed):

Transcribed Image Text:

Opening inventory Gross purchases RTV Cash discounts Markdowns Markdown cancellations Employee discounts Gross sales Customer returns Net markups $89,760 $43,620 $860 $320 $5,246 $318 $784 $49,318 $2,945 $760 Opening inventory Gross purchases RTV Cash discounts Markdowns Markdown cancellations Employee discounts Gross sales Customer returns Net markups $89,760 $43,620 $860 $320 $5,246 $318 $784 $49,318 $2,945 $760

Answer rating: 100% (QA)

Total merchandise handled opening inventory Gross purchase N... View the full answer