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Using the following figures, determine closing book inventory (not all informationgiven may be needed):Opening inventory...

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Basic Math

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

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