Last year, the net sales in a home fashion department were $365,000. The book inventory at year

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Last year, the net sales in a home fashion department were $365,000. The book inventory at year end was $67,500, and the physical inventory was $62000. What was the shortage percentage?

Related Book For answer-question

Advanced Financial Accounting

ISBN: 978-0137030385

6th edition

Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay

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Posted Date: Nov 15, 2023 12:36 AM

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Last year, the net sales in a home fashion department were $365,000. The book inventory at year

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Shortage Book inventory Physical inventory Net sales Shortage 67... View the full answer

Advanced Financial Accounting

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