I have a merchandise inventory of 127,500.00
And I have purchases of 453,000.00
I have freight in of 8,800.00
My delivered cost of purchases is 36,425.00
Less purchases returns and allowances is 12,650.00
Purchases discount is 8,240.00
Net delivered cost of purchases is15,535.00
Total merchandise available for sale is 143,035.00
What is my less merchandise inventory?
