For the six-month period ending in January, your department showed the following figures: Opening inventory (retail) $262,000 Customer Returns 10,000 Returns to vendor 6,200 Employee discounts 3,800 Gross sales 910,000 Retail purchases 870,000 Markdowns 30,000 Transfers in 5,100 Transfers out 4,000 Physical inventory 170,000

A. Determine the overage or shortage in both dollars and percentage.

B. Using a 49% markup, convert the retail opening and closing inventories to cost values.

a.) A= $8,000 & 5.5%; B=$134,500 Opening & $86,700 Closing

b.) A=$23,100 & 2.6%; B= $133,620 Opening & $98,481 Closing

c.) A=$23,100 & 2.6%; B= $153,720 Opening & $97,800 Closing

d.) A= $33,300 & 9.5%; B= $133, 620 Opening & $86,700 Closing