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Find (a) estimated physical inventory and (b) actual shortage or overage percent when closing physical inventory is $77,227. Opening Inventory $159,760 Net Purchases $297,420 Net
Find (a) estimated physical inventory and (b) actual shortage or overage percent when closing physical inventory is $77,227.
Opening Inventory $159,760
Net Purchases $297,420
Net Transfers Out $1,370
Gross Sales $358,110
Customer Returns $23,428
Net Markdowns $38,743
Employee Discounts $1,817
Estimated Shortage 0.80%
Please use excel formuals
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Cost Accounting
Authors: James A. Cashin, Ralph S. Polimeni, Sheila Handy
3rd Edition
0070110263, 9780070110267
