Calculate shortage or overage percent, given the following information:

Opening inventory $64,280

RTV $960 Gross purchases$123,645

Customer returns $9,780

Gross sales $105,420

Transfers in $12,219

Transfers out $9,769

Markdowns $15,290

Markdown cancellations $940

Employee discounts $670

Closing physical inventory $77,700

Will you have a shortage or overage?

What is the percent overage or shortage?