Question: Please explain the solution to this question in simple terms. 1 . In July, a book inventory indicates an on - hand retail stock of

Please explain the solution to this question in simple terms.
1. In July, a book inventory indicates an on-hand retail stock of $64,250. A physical count on that date reveals a stock of $62,875. What is the opening retail book inventory figure for the period commencing at the beginning of August?

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