Question
Calculate:(a) shortage or overage % (b) cumulative markup % (c) maintained markup % (d) gross margin % Given: CostRetail Openinginventory$27,528$46,800 Grosspurchases15,40031,420 Returns tovendors180340 Transfersin1,1502,200 Transfersout1,2802,480
Calculate:(a) shortage or overage %
(b) cumulative markup %
(c) maintained markup %
(d) gross margin %
Given:
CostRetail
Openinginventory$27,528$46,800
Grosspurchases15,40031,420
Returns tovendors180340
Transfersin1,1502,200
Transfersout1,2802,480
Freight790
Additionalmarkup405
Markdowns5,340
Markdowncancellations480
Grosssales35,680
Customerreturns3,640
Employeediscounts230
Cashdiscounts980
Alterationcosts130
Closing physicalinventory40,280
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Financial and Managerial Accounting the basis for business decisions
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
16th edition
0077664078, 978-0077664077, 78111048, 978-0078111044
