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4. In the men's department of Harold's, net sales for April were $20,000. The department's beginning inventory for April was $32,000 and the ending inventory

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4. In the men's department of Harold's, net sales for April were $20,000. The department's beginning inventory for April was $32,000 and the ending inventory for the month was $28,000. Find the stock turnover for April. (5 points) 5. Calculate the estimated physical inventory given the following figures and if shortage is estimated at 2.5%. (10 points) NOTE: % of shortage is based on Net Sales Opening inventory $ 64,280 Purchases 122,685 Net sales 95,640 Transfers in 2,450 Markdowns 15,290 Markdown cancellations 940

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