13 3. Find the shortage or overage percentage using the 14 following data: Opening inventory (retail) $1,404,000 Net sal

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13 3 Find The Shortage Or Overage Percentage Using The 14 Following Data Opening Inventory Retail 1 404 000 Net Sal 1 (58.93 KiB) Viewed 35 times

13 3. Find the shortage or overage percentage using the 14 following data: Opening inventory (retail) $1,404,000 Net sales $442,000 Vendor returns $4,000 Transfers to branches $8,000 Employee discounts $1,000 Purchases (at retail) $495,000 Markdowns $ 146,000 Closing physical inventory $1,287,000 Yearly net sales $2,875,000 Retail $ Retail $ Additions Purchases Reductions $495,000 Net sales Returns to vendors Markdowns Employee Disc. Transfers To $442,000 $4,000 $146,000 $1,000 $8,000 Totals $1,404,000 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 Opening Book Inventory + Additions -Reductions =Closing book inventory Closing book inventory Shortage/Overage $ Shortage or Overage list below Physical inventory $1,287,000 $0 Overage $ Net sales $ $2,875,000 Overage % $0