1 2 7. 53 Calculate the total merchandise handled given the following information. 54 You may not need all of the information you have been provided: Retail 55 $235,000.00 $160,000.00 $35,000.00 66 opening inventory 67 gross purchases returns to vendors 68 net purchases 69 $15,000.00 $5,000.00 transfers out 70 additional markup 71 total merch handled 72 $65,000.00 $13,000.00 $17,000.00 $3,500.00 gross sales 73 customer returns 74 net markdowns 75 employee discounts 76 total retail deductions 77 closing book inventory 78 70