Given the following Information, determine estimated physical Inventory, rounded to nearest dollar: Net sales $268, 428 Book inventory 62, 118 Estimated shortage 1.40% Answer: A) $61, 248 B) $62, 988 C) $59, 830 D) $58, 360 Given the following Information, calculate estimated physical Inventory: Net sales $780, 300 Book Inventory 124.683 Physical Inventory 116.153 Estimated shortage 1.20% Answer: A) $115, 319 B) $106, 789 C) $123, 187 D) $114, 759 Given the following Information, calculate estimated physical Inventory: Opening Inventory $48.340 Net purchases 182, 119 Group sales 174, 578 Customer returns 9, 218 Net markdowns 11, 633 Employee discounts 1.016 Estimated shortages 0.85% Answer: A) $51, 044 B) $52, 450 C) $52,004 D) $50, 966