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13. Find the shortage or overage percentage if January figures are as follows: (15 points) Net sales $137,000 Opening inventory (retail) $640,000 Markdowns $27,000 Employee
13. Find the shortage or overage percentage if January figures are as follows: (15 points)
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
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