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Determine closing book inventory at retail, given the following information: Opening inventory Net purchases Net transfer Gross sales Customer returns Markdowns Markdown cancellations Employee discount

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Determine closing book inventory at retail, given the following information: Opening inventory Net purchases Net transfer Gross sales Customer returns Markdowns Markdown cancellations Employee discount Retail $122,100 $879,530 $340 $865,990 $43,500 $49,030 $6,820 $3,750 $133,520 $133,250 $135,080 $134,800

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