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Antonello Clothiers began operations on June 1 , 2 0 X 1 . During June, Antonello Clothiers reported the following: Purchases of merchandise inventory, at

Antonello Clothiers began operations on June 1,20X1. During June, Antonello Clothiers reported the following:
Purchases of merchandise inventory, at cost
Purchases returns, at cost
Freight-in on purchases of merchandise inventory
Sales (cost of merchandise sold was $101,000)
$138,000
1,380
2,070
188,000
Required:
Compute the balance of Merchandise Inventory at June 30,201.
Merchandise inventory, June 30,20X1
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