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Opening inventory at retail for an outerwear department is $575,000. Purchases retail for October are $290,000, net sales are $150,000, markdowns are $46,000, returns

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Opening inventory at retail for an outerwear department is $575,000. Purchases retail for October are $290,000, net sales are $150,000, markdowns are $46,000, returns to vendors are $10,000, transfers (transfers out) to the outlet stores are $15,000, and employee discounts are $4,000. Find the closing retail book inventory at the end of October.

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