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On February 1 , the opening retail inventory of this department was $ 1 7 0 , 0 0 0 . February retail purchases amount

On February 1, the opening retail inventory of this department was $170,000. February retail purchases amount to $50,000 were received. The net sales for February were $40,000, the markdowns taken were $15,000, transfers to outlet stores were $2,000, and returns to vendors were $5,000. What was the closing retail book inventory for this period under consideration?
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