Ralph's Mini-Mart store in Alpine experienced the following events during the current year: 1. Incurred $381,000...

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Ralph's Mini-Mart store in Alpine experienced the following events during the current year: 1. Incurred $381,000 in selling costs. 2. Incurred $1,213,000 of administrative costs. 3. Purchased $416,000 of merchandise. 4. Paid $35,000 for transportation-in costs. 5. Took an inventory at year-end and learned that goods costing $215,000 were on hand. This compared with a beginning inventory of $290,000 on January 1. 6. Determined that sales revenue during the year was $2,985,000. 7. Debited all costs incurred to the appropriate account and credited to Accounts Payable. All sales were for cash. Required: Give the amounts for the following items in the Merchandise Inventory account: a. Beginning balance (BB) b. Transfers-in (TI) c. Ending balance (EB) d. Transfers-out (TO) Amount Ralph's Mini-Mart store in Alpine experienced the following events during the current year: 1. Incurred $381,000 in selling costs. 2. Incurred $1,213,000 of administrative costs. 3. Purchased $416,000 of merchandise. 4. Paid $35,000 for transportation-in costs. 5. Took an inventory at year-end and learned that goods costing $215,000 were on hand. This compared with a beginning inventory of $290,000 on January 1. 6. Determined that sales revenue during the year was $2,985,000. 7. Debited all costs incurred to the appropriate account and credited to Accounts Payable. All sales were for cash. Required: Give the amounts for the following items in the Merchandise Inventory account: a. Beginning balance (BB) b. Transfers-in (TI) c. Ending balance (EB) d. Transfers-out (TO) Amount