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Ralph's Mini-Mart store in Alpine experienced the following events during the current year. 1 10 points 1. Incurred $393,000 in selling costs. 2. Incurred $1217,000

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Ralph's Mini-Mart store in Alpine experienced the following events during the current year. 1 10 points 1. Incurred $393,000 in selling costs. 2. Incurred $1217,000 of administrative costs. 3. Purchased 5413,000 of merchandise. 4. Paid $59,000 for transportation in costs. 5. Took an Inventory at year-end and learned that goods costing $189,000 were on hand. This compared with a beginning inventory of $299,000 on January 1 6. Determined that sales revenue during the year was $2,853,000 7. Debited all costs incurred to the appropriate account and credited to Accounts Payable All sales were for cash. Book Required: Give the amounts for the following items in the Merchandise Inventory account Amount Beginning balance (8) Transfers in (T) e Ending balance (EB) de Transfers out (TO)

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