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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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