omputing Gross Profit he following data were taken from the accounts of Fluter Hardware, a small retail business. Sales Sales returns and allowances $122,500 900 570 35,100 76,700 Sales discounts Merchandise inventory, January 1 Purchases during the period Purchases returns and allowances during the period Purchases discounts taken during the period Freight-in on merchandise purchased during the period Merchandise inventory, December 31 Determine the gross profit. 4,190 2,120 1,320 31,900 Surchasing Documents and How Long A partially completed flowchart showing some of the major documents commonly used in the purchasing function of a merchandise business is presented below. Identify documents 1, 3, and 4. Purchase Order 2. Purchase Order Purchase invoice Purchase requisition Receiving report