Question
The following figures are from a small boutique: Opening Book inventory at retail $16,500 Net Sales $21,000 Markdowns $5400 Purchases (retail) $32,000 Determine the retail
The following figures are from a small boutique:
| Opening Book inventory at retail | $16,500 |
| Net Sales | $21,000 |
| Markdowns | $5400 |
| Purchases (retail) | $32,000 |
Determine the retail book inventory for the end of the period:
Calculate the overage or shortage if the physical count was $21,100 (express as a percent and round one place to the right of the decimal)
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Management And Cost Accounting
Authors: Colin Drury
6th Edition
1844807037, 978-1844807031
