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A retailer has beginning monthly inventory valued at $100,000 at retail and $61,000 at cost. Net purchases for the month are $190,000 at retail and

A retailer has beginning monthly inventory valued at $100,000 at retail and $61,000 at cost. Net purchases for the month are $190,000 at retail and $115,000 at cost. Transportation charges are $10,5000. Sales are $225,000. Markdowns and discounts equal $30,000. A physical inventory at the end of the month shows merchandise valued at $15,000 (retail) on hand. Compute the following:

A: Total merchandise available for sale-at cost and at retail

B: Cost complement

C: Ending retail book value of inventory

D: Stock shortages

E: Adjusted ending retail book value

F: Gross profit

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