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Determine Total Merchandise Handled at retail and at cost using the figures in the table: Cost Retail Opening inventory $69,420 $127,900 Gross purchases $425,580
Determine Total Merchandise Handled at retail and at cost using the figures in the table: Cost Retail Opening inventory $69,420 $127,900 Gross purchases $425,580 $884,720 Returns to vendor $5,560 $11,320 Transfers in $3,200 $7,910 Transfers out $3,190 $ 7,280 Freight $3,450 Markdowns Markdown cancellations Gross sales Customer returns Employee discounts at retail $1,001,930 at cost $492,900 O at retail $1,001,930 at cost $489,450 at retail $998,730 / at cost $489,450 at retail $998,730 / at cost $492,900 $51,510 $7,390 $870,500 $46,480 $3,860
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