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23. Find the shortage or overage percentage using the following data: Opening inventory (retail) $1,204,000 Net sales $342,000 Vendor returns $4,000 Transfers to branches $8,000
23. Find the shortage or overage percentage using the following data: Opening inventory (retail) $1,204,000 Net sales $342,000 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
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Introduction To Management Accounting
Authors: Charles T. Horngren, Gary Sundum, Gary L. Sundem
8th Edition
0134870751, 978-0134870755
