(0) A store posts the following figures: cost retail opening inv $51,000 $104,000 gross purchases...
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(0) A store posts the following figures: cost retail opening inv $51,000 $104,000 gross purchases $51,000 $128,000 freight $1,250 RTV $2,200 $5,000 gross sales $132,000 customer returns $25,000 transfer out $6,000 markdowns $32,000 closing physical inv $78,200 Calculate the cumulative of this inventory (5 points) The cost value of this closing book inventory (5 points) calculate the overage or shortage in $ and % (5 points) If the planned shortage was estimated at 1.5% was the actual shortage or overage higher or lower than anticipated? By how much in $ and %? (5 points)
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