Question: 10 pts Based on the value below please answer the following questions: Opening inventory $ 48,340 Net purchases 182,119 Gross sales 174,578 9,218 Customer returns

10 pts Based on the value below please answer the following questions: Opening inventory $ 48,340 Net purchases 182,119 Gross sales 174,578 9,218 Customer returns Net markdowns Employee discounts 11,633 1,016 Estimated shortages 0.85% a. Calculate book inventory (Open inventory+Net purchase +Net trans in + additional markup - Net sale-Net Markdown - Discount) (Hint: Net trans in and additional markup are "O" here) b. Calculate estimate shortage (Estimate shortage - Net sale x shortage percent (0.0085) c. Calculate estimate physical inventory (Estimate physical inventory - Book inventory - Estimate shortage) Edit Insert Format Tools Table 12ptParagraph BIU A 2 T $

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