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?

		$5,5521 over
		$5,521 short
		It's a trick question, the department can't be over or short. It has the stock it has.
		$25,432 over
		None of the above