2 Using the following figures determine closing book inventory not all information given may be needed Opening inventory 89 760

Question

2 Using the following figures determine closing book inventory not all information given may be needed Opening inventory 89 760 Gross purchases 43 620 RTV 860 Cash discounts 320 Markdowns 5 246 Markdown cancellations 318 Employee discounts 784 Gross sales 49 318 Customer returns 2 945 Net markups 760

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