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Question:34 Given the following information, calculate book inventory. Opening inventory $ 75,842 Gross purchases 4,61,113 RTV 13,833 Transfers in 5,672 Transfers out 6,084 Additional markup 286 Markdowns 42,811 Markdown cancellations 3,286 Employee discounts 1,948 Gross sales 4,33,717 Customer returns 18,687 Closing physical inventory 67,129 A) $66,493 B) $66,905 C) $67,317 D) $66,207

Question:34 Given the following information, calculate book inventory. Opening inventory $ 75,842 Gross purchases 4,61,113 RTV 13,833 Transfers in 5,672 Transfers out 6,084 Additional markup 286 Markdowns 42,811 Markdown cancellations 3,286 Employee discounts 1,948 Gross sales 4,33,717 Customer returns 18,687 Closing physical inventory 67,129 A) $66,493 B) $66,905 C) $67,317 D) $66,207

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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calculate book inventry

Question:34 Given the following information, calculate book inventory. Opening inventory $ 75,842 Gross purchases 4,61,113 RTV 13,833 Transfers in 5,672 Transfers out 6,084 Additional markup 286 Markdowns 42,811 Markdown cancellations 3,286 Employee discounts 1,948 Gross sales 4,33,717 Customer returns 18,687 Closing physical inventory 67,129 A) $66,493 B) $66,905 C) $67,317 D) $66,207
Transcribed Image Text:Question:34 Given the following information, calculate book inventory. Opening inventory $ 75,842 Gross purchases 4,61,113 RTV 13,833 Transfers in 5,672 Transfers out 6,084 Additional markup 286 Markdowns 42,811 Markdown cancellations 3,286 Employee discounts 1,948 Gross sales 4,33,717 Customer returns 18,687 Closing physical inventory 67,129 A) $66,493 B) $66,905 C) $67,317 D) $66,207
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