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A retail store had an opening inventory of $58,670. Net purchases totale

A retail store had an opening inventory of $58,670. Net purchases totale

  

A retail store had an opening inventory of $58,670. Net purchases totaled $212,860. Deductions were asfollows: net sales, $198,316; net markdowns, $16,578; and employee discounts, $986. Shortages wereestimated to have been 1.5%. Actual physical inventory was $52,120. Were actual shortages more … Show more… Show more Business RCS 560 Share QuestionEmailCopy link Comments (0)