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@ Cost @ Retail 1 Jan Beg Inv $ 90,022.00 $ 115,610.00 COGP $ 502,250.00 $ 761,830.00 NET SALES $ 778,840.00 A YEAREND PHYSICAL INVENTORY
@ Cost | @ Retail | ||||||||||||||
1 Jan Beg Inv | $ 90,022.00 | $ 115,610.00 | |||||||||||||
COGP | $ 502,250.00 | $ 761,830.00 | |||||||||||||
NET SALES | $ 778,840.00 | ||||||||||||||
A YEAREND PHYSICAL INVENTORY AT RETAIL PRICES YIELDS A TOTAL INVENTORY OF $80450. PREPARE A CALCULATION SHOWING THE COMPANY'S LOSS FROM SHRINKAGE AT COST AND AT RETAIL |
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