The Office Mart store in South Beach experienced the following events during the current year:

1. Incurred $200,000 in marketing costs.

2. Purchased $600,000 of merchandise.

3. Paid $20,000 for transportation-in costs.

4. Incurred $200,000 of administrative costs.

5. Took an inventory at year-end and learned that goods costing $100,000 were on hand. This compared with a beginning inventory of $150,000 on January 1.

6. Determined that sales revenue during the year was $1,500,000.

7. Debited all costs incurred to the appropriate account and credited to Accounts Payable. All sales were for cash.

Required:

Give the amounts for the following items in the Merchandise Inventory account:

a. Beginning balance (BB).

b. Transfers-in (TI).

c. Ending balance (EB).

d. Transfers-out (TO).