Find the shortage or overage percentage if January figures are as follows: Net sales $137,000 Opening inventory
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Question:
Find the shortage or overage percentage if January figures are as follows:
Net sales $137,000
Opening inventory (retail) $640,000
Markdowns $27,000
Employee discounts $1,000
Retail purchases $96,000
Closing physical inventory $531,450
Net sales for the year $1,520,000
Related Book For
Intermediate Accounting
ISBN: 978-1260481952
10th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
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