Question: The reported ending inventory for 2 South based on beginning inventory plus restocking less documented use is 1 , 0 0 0 units and $

The reported ending inventory for 2 South based on beginning inventory plus restocking less documented use is 1,000 units and $5,000. The actual ending inventory based on a physical count is 960 units and $4,800. Calculate the Inventory Loss Ratio. What actions can be taken to reduce inventory loss?

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