The records for the Clothing Department of Sheffields Discount Store are summarized below for the month of January.

Inventory, January 1: at retail $25,000; at cost $16,900

Purchases in January: at retail $139,700; at cost $88,090

Freight-in: $7,100

Purchase returns: at retail $3,100; at cost $2,400

Transfers in from suburban branch: at retail $13,000; at cost $9,000

Net markups: $8,000

Net markdowns: $4,100

Inventory losses due to normal breakage, etc.: at retail $400

Sales revenue at retail: $94,300

Sales returns: $2,400