Question: 2. Using the following figures, determine closing book inventory (not all information given may be needed): Opening inventory $89,760 Gross purchases $43,620 RTV $860 Cash

2. Using the following figures, determine closing book inventory (not all information given may be needed): Opening inventory $89,760 Gross purchases $43,620 RTV $860 Cash discounts $320 Markdowns $5.246 Markdown cancellations $318 Employee discounts $784 Gross sales $49,318 Customer returns $2,945 Net markups $760

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