Question: Gross purchases $ 3 5 6 , 1 6 0 $ 5 6 0 , 0 0 0 Purchase returns 6 , 6 0 0

Gross purchases $ 356,160 $ 560,000
Purchase returns 6,60017,000
Purchase discounts 5,700
Sales 551,500
Sales returns 8,000
Employee discounts 2,500
Freight-in 30,000
Net markups 32,000
Net markdowns 17,000

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