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What is the shortage or overage dollar amount and percentage

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Question - A physical inventory was taken in January in the junior sportswear department, and the inventory was recorded to be $125,000. The buyer has the following figures for January: January BOM of $128,000, January sales were $27,500, January markdowns were $11,700, January receipts of $27,400. Net sales for the year were $340,000. Is there a shortage or overage, and what is the shortage or overage dollar amount and percentage?

Reference no: EM133169020

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