Calculate (a) closing book inventory CBI at Retail (b) gross cost of merchandise sold GCOMS (c) gross margin % GM%

(a) CBI 40,750(b)GCOM 25,810 and (c) GM% 16.25

(a) CBI 38,240 (b)GCOM 124,781 and (c) GM% 25.5

(a) CBI 38,240 (b)GCOM 124,781 and (c) GM% 36.97

(a) CBI 75,250 (b)GCOM 250,457 and (c) GM% 15.35

	Cost	Retail
Opening inventory	$ 25,200	$ 42,800
Net purchases	119,700	210,300
Freight	980
Additional markup		480
Net markdowns		18,720
Net sales		195,760
Employee discounts		860
Cash discounts	1,796
Alteration costs	398
Closing physical inventory		36,674