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Complete all seven steps for RIM with Cumulative and Maintained Markup added using the following table: Cost Retail Opening Inventory $59,430 $107,800 Gross Purchases $415,580
Complete all seven steps for RIM with Cumulative and Maintained Markup added using the following table: Cost Retail Opening Inventory $59,430 $107,800 Gross Purchases $415,580 $893,720 RTV $5,160 $10,320 Freight $3,590 Markdowns $61,510 Gross Sales $872,540 Customer Returns $56,480 Transfers Out $3,590 $7,180 Transfers In $4,310 $8,610 Employee Discounts $910 Markdown Cancelations $7,390 *Closing Physical Inventory $112,062 Cash Discounts $4,158 Alteration $768 *Use Closing Physical Inventory
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