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5. What causes shortage? Assume the following: Beginning Inventory: $ 33,456 Purchases/Receipts: 543,693 Sales: 478,653 Retail Reductions: 67,543 The physical inventory yields a value of

5. What causes shortage?

Assume the following:

Beginning Inventory: $ 33,456

Purchases/Receipts: 543,693

Sales: 478,653

Retail Reductions: 67,543

The physical inventory yields a value of $25,432. Is the department over or short, and if so by how much?

please show your work, thank you

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