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A men's outerwear department had the following figures: Cost Retail Opening inventory $390,500 $ 774,000 Gross purchases $690,000 $1,360,000 RTV $ 6,400 $ 12,000 Freight

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A men's outerwear department had the following figures: Cost Retail Opening inventory $390,500 $ 774,000 Gross purchases $690,000 $1,360,000 RTV $ 6,400 $ 12,000 Freight $ 3,260 Gross sales $1,117,000 Customer returns $ 25,000 Markdowns $ 93,000 Calculate Closing Book Inventory @ Cost

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