Beginning inventory 650,000 1,200,000 purchases 9,000,000 14,700,000 freight-in 200,000 purchase returns 300,000 500,000 purchase allowances 150,000 departmental transfer-in 200,000 300,000 net markup 300,000 net markdown 1,000,000 sales 9,500,000 sales discounts 100,000 employee discounts 500,000 estimated normal shoplifting losses 600,000 estimated normal shrinkage 400,000