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Presented below is information related toVaughnInc. Inventory, 12/31/20 Purchases Purchase returns Purchase discounts Gross sales revenue Sales returns Markups Markup cancellations Markdowns Markdown cancellations Freightin

Presented below is information related toVaughnInc.

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Inventory, 12/31/20 Purchases Purchase returns Purchase discounts Gross sales revenue Sales returns Markups Markup cancellations Markdowns Markdown cancellations Freightin Employee discounts granted Loss from breakage (normal) Cost $252,200 835,506 59,700 18,000 Retail $3 92,200 1,455,300 79,000 1,418,600 96,800 1 17,800 40,500 45,100 19,600 7,900 4,500

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