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Using the following figures, determine closing book inventory. (Not all information given may be needed.) Opening inventory $62,980 Gross purchases 43,620 RTV 860 Cash discounts

Using the following figures, determine closing book inventory. (Not all information given may be needed.)

Opening inventory $62,980

Gross purchases 43,620

RTV 860

Cash discounts 680

Markdowns 5,246

Markdown cancellations 318

Employee discounts 784

Gross sales 49,318

Customer returns 1,918

Group of answer choices

52,628

32,520

45,250

56,750

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