Question
retailers inventory shows the following figures: Opening Physical Inventory.. $245,000 Purchases.. $201,000 Net Sales.. $310,000 Customer Returns.. $41,000 Returns to Vendor.. $10,000 Markdowns.. $47,000 Markdown
retailers inventory shows the following figures:
Opening Physical Inventory.. $245,000
Purchases.. $201,000
Net Sales.. $310,000
Customer Returns.. $41,000
Returns to Vendor.. $10,000
Markdowns.. $47,000
Markdown Cancellations.. $11,000
Transfers Out.. $400
Additional Markups.. $200
What is the retail book inventory?
| A. | Retail Book Inventory= $130,800 | |
| B. | Retail Book Inventory= $646,800 | |
| C. | Retail Book Inventory= $865,600 | |
| D. | Retail Book Inventory= $108,800 |
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Mastering Management System Auditing The Essential Guide To Effective Auditing Practices
Authors: Ashar Hasan
1st Edition
B0C47RGBVM, 979-8393399023
