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Opening Inventory Gross Sales Markdowns Purchases at Retail $230,000 $315,000 $ 15,000 $340,000 Customer Returns $ 39,500 Returns to Vendors $ 22,000 Transfers In

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Opening Inventory Gross Sales Markdowns Purchases at Retail $230,000 $315,000 $ 15,000 $340,000 Customer Returns $ 39,500 Returns to Vendors $ 22,000 Transfers In $ 15,300 Physical Inventory $260,000 Planned Shortage 2% Use the information above to answer the following questions: a. What are the Net Sales? (2 pts.) $ b. What is the $ value of the Book Inventory? (2 pts.) $ c. What the the dollar value of the Planned Shortage? (2 pts.) d. What is the actual $ shortage/overage? (2 pts.) $ e. What is the actual shortage / overage percent? (2 pts.) $ %

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