Calculate Closing Book Inventory at Retail and Cost

                               Cost                     Retail

Opening inventory 55,000 108,000
Gross purchases 405,200 900,000
Returns to vendors 5,000 9,500
Freight 3,500
Transfers in 5,100 7,500
Transfers out 2,250 6,000
Gross sales 845,000
Customer returns 54,300
Markdowns 59,500