education.wiley.com 6 WileyPLUS (new) 1 of 1

WileyPLUS (new) 1 ofl -11 The records for the Clothing Department of Swifty's Discount Store are summarized below for the month of January. Inventory, January 1: at retail $ 25,3( Purchases in January: at retail $ 137, Freight-in: $ 7,200 Purchase returns: at retail $ 2,900; a Transfers in from suburban branch: a Net markups: $ 8,100 Net markdowns: $ 4,000 Inventory losses due to normal breab Sales revenue at retail: $ 96,700 sales returns: $ 2,400