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4. Calculate closing book inventory, given the following information: Gross purchases Opening inventory Transfers in Transfers out $567,416 $117,260 $9,368 $11,980 RTV Markdowns $5,424 $32,968

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4. Calculate closing book inventory, given the following information: Gross purchases Opening inventory Transfers in Transfers out $567,416 $117,260 $9,368 $11,980 RTV Markdowns $5,424 $32,968 $976 Markdown cancellations Gross sales $582,390 $2,956 Employee discounts Customer returns $49,203

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