a) What was the book value of the closing inventory at retail in February 2019?

b) What was the cumulative markup% of total merchandise handled in February 2019?

c) The lhysical inventory at retail taken after closing the sotre on February 28, 2019, anounted to $378,000. Did this store expereince a shortage, overage, or neither?

d) What was the shortage/overage%?

A gift store reported the following records for its operation during the month of February 2019. @Cost @Retail Inventory on Feb. 1 $250,000 $425,000 Net sales $430,000 Gross Markdowns $100,000 Markdown Cancellations 15,000 Returns to vendors |$15,000 $20,000 Employee discounts $10,000 Purchases $300,000 $495,000