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Calculate (a) total merchandise handled and (b) closing book inventory. (Factors may not be listed in the order to be used) Opening inventory: $76,728 Gross

Calculate (a) total merchandise handled and (b) closing book inventory. (Factors may not be listed in the order to be used)

Opening inventory: $76,728

Gross purchases: 117,317

RTV: 2,117

Transfers in: 1,184

Transfers out: 1,276

Additional markup: 126

Gross sales: 77,843

Customer returns: 3,982

Markdowns: 5,816

Markdown cancellations: 390

Employee discounts: 1,908

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