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$80,000 at retail and $52,500 at cost. Net purchases during the month are $190,0

ID: 2703840 • Letter: #

Question

                    $80,000 at retail and $52,500 at cost. Net purchases during                 

                    the month are $190,000 at retail and $115,000 at cost.                 

                    Transportation charges are $10,500. Sales are $225,000.                 

                    Markdowns and discounts equal $30,000. A physical                 

                    inventory at the end of the month shows merchandise valued                 

                    at $15,000 (at retail) on hand. Compute the following:                 

                    a. Total merchandise available for sale

Explanation / Answer

I just know the gross profit..

80000+190000-10500-225000-3000 which equals to 4500rs