Question: Chapter 7 Summary Problems Problems 1. Net sales for the hosiery department in May were $30,620. Book inventory at the end of the month

Chapter 7 Summary Problems Problems 1. Net sales for the hosiery department

Chapter 7 Summary Problems Problems 1. Net sales for the hosiery department in May were $30,620. Book inventory at the end of the month showed that $97,831 should be on hand. Physical inventory showed $97,560. Determine shortage or overage percent (specify which).

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