Question
Study the following data, all amounts are at retail value: Beginning inventory $ 3,600 Purchases $120,000 Purchase returns 6,000 Net markups 18,000 Abnormal shortage 4,000
Study the following data, all amounts are at retail value:
Beginning inventory $ 3,600 Purchases $120,000
Purchase returns 6,000 Net markups 18,000
Abnormal shortage 4,000 Net markdowns 2,800
Sales 72,000 Sales returns 1,800
Employee discounts 1,600 Normal shortage 2,600
What is the value of ending inventory at retail? Show all workings
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Statistical Audit Automation The Principles Of Statistical Sampling Of Business Accounts
Authors: Nathan Poeschl
1st Edition
B0B17YP1SR, 979-8829041991
