QUESTION 9 A store planned sales of $2,500,000 with 2.0% in planned shortages. After a physical count, actual shortage amounted to $65,000 & actual sales at the end of the year were $2,500,000 1. What was the actual shortage %? 2. What was the dollar difference in the estimated and actual shortage? A women's contemporary buyer was given the following retail data: Opening Inventory Purchases Net Sales Markdowns $2,550,000 $ 275,000 $ 878,000 $ 350,000 1. Calculate the closing book inventory at retail. 2. Calculate the cost closing book inventory at cost if the planned cumulative markup is 62.5%