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17. Calculate shortage/overage %, given the following figures, for A and B. A) Opening inventory $ 28,642 Gross purchases 136,118 Return to vendors 3,408 Transfer
17. Calculate shortage/overage %, given the following figures, for A and B.
A) Opening inventory $ 28,642
Gross purchases 136,118
Return to vendors 3,408
Transfer in 1,860
Transfer out 1,030
Gross sales 122,260
Customer returns 5,816
Markdowns 8,348
Employee discounts 560
Closing physical inventory 36,463
shortage/overage %:
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B) Opening inventory $292,000
Gross purchases 521,000
RTV 35,000
Transfers in 10,500
Transfers out 8,400
Customer returns 51,500
Gross sales 512,000
Markdowns 14,200
Employee discounts 3,100
Closing physical inventory 276,700
shortage/overage %:
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