Question
Last year, the net sales in a home fashion department were $365,000. The book inventory at year end was $67,500, and the physical inventory was
Last year, the net sales in a home fashion department were $365,000. The book inventory at year end was $67,500, and the physical inventory was $62000. What was the shortage percentage?
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Get StartedRecommended Textbook for
Advanced Financial Accounting
Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay
6th edition
013703038X, 978-0137030385
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