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Calculate shortage or overage percent

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Question - Calculate shortage or overage percent, given the following information:

Opening inventory $64,280

RTV $960

Gross purchases $123,645

Customer returns $9,780

Gross sales $105,420

Transfers in $12,219

Transfers out $9,769

Markdowns $15,290

Markdown cancellations $940

Employee discounts $670

Closing physical inventory $77,700

Reference no: EM133015714

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