Question: Please do this in excel and not on paper, thanks! 60 20 51 Given the following information, calculate the gross cost of merchandise sold: Cost

Please do this in excel and not on paper, thanks! 60 20Please do this in excel and not on paper, thanks!

60 20 51 Given the following information, calculate the gross cost of merchandise sold: Cost Retail 52 53 opening inventory $164,250.00 $365,000.00 54 gross purchases $83,250.00 $185,000.00 5 returns to vendors $6,750.00 $15,000.00 6 freight $2,500.00 7 total merch handled $243,250.00 $535,000.00 CMU = 8 net sales $150,000.00 cost % = 3 net markdowns $30,000.00 employee discounts $5,000.00 total retail deductions closing book inventory closing physical inventory $320,000.00 gross cost of merch sold

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