2. Calculate (a) total merchandise handled and (b) closing book inventory, given the following information: Opening...
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2. Calculate (a) total merchandise handled and (b) closing book inventory, given the following information: Opening inventory Net purchases $76,346 $168,754 Transfers in Transfers out $1,346 $1,896 Gross sales $180,920 Customer returns $10,240 Markdowns $16,710 Markdown cancellations $496 Employee discounts $2,080 2. Calculate (a) total merchandise handled and (b) closing book inventory, given the following information: Opening inventory Net purchases $76,346 $168,754 Transfers in Transfers out $1,346 $1,896 Gross sales $180,920 Customer returns $10,240 Markdowns $16,710 Markdown cancellations $496 Employee discounts $2,080
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