Question
Opening Inventory Gross Sales Markdowns Purchases at Retail Customer Returns $230,000 $315,000 $ 15,000 $340,000 $ 39,500 Returns to Vendors $ 22,000 Transfers In
Opening Inventory Gross Sales Markdowns Purchases at Retail Customer Returns $230,000 $315,000 $ 15,000 $340,000 $ 39,500 Returns to Vendors $ 22,000 Transfers In Physical Inventory Planned Shortage $ 15,300 $260,000 2% Use the information above to answer the following questions: a. What is the $ value of the closing actual closing book inventory? pts.) Shortage? (2 pts.) shortage/overage? (2 pts.) b. What is the $ value of the Book Inventory? (2 A/ A/ c. What the the dollar value of the Planned d. What is the actual $
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Principles of Accounting
Authors: Belverd Needles, Marian Powers, Susan Crosson
10th edition
618736611, 978-1111809508, 111180950X, 978-0618736614
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