Question: Using the following figures, determine closing book inventory (not all information given may be needed): Opening inventory Gross purchases RTV Cash discounts Markdowns Markdown cancellations

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

Opening inventory Gross purchases RTV Cash discounts Markdowns Markdown cancellations Employee discounts

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

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