105 110 111 Retail $145,000.00 $115,000.00 $20,000.00 106 10. 107 Given the following information calculate: 108 A. The closing book inventory at cost: 109 B. The gross cost of merch sold: Cost opening inventory $65,250.00 112 gross purchases $51,750.00 113 returns to vendors $9,000.00 114 net purchases 115 additional markup 116 freight $3,000.00 total merch handled net sales 119 net markdowns 120 employee discounts total retail deductions 122 closing book inventory gross cost of merch sold $2,000.00 CMU = $95,000.00 cost % = $18,000.00 $2,000.00 121 123