Question 3 February 2020 Items At cost Total merchandise handled $4,800 Net sales Markdowns Shrinkage Operating expenses | Closing inventory Please calculate: a). Cumulative markup% in February 2020 b). Closing inventory at cost in February 2020 c). Cost of goods (sold) in February 2020 At retail $12,000 $8,000 $1,800 $200 $1,500 $2,000