If a physical inventory was taken in January and the actual inventory is $209,400. Net sales...
If a physical inventory was taken in January and the actual inventory is $209,400. Net sales for the year is $153,800. What is the shortage or overage percentage?
- January BOM $215,480
- January Sales $26,675
- January Markdowns $24,485
- January Receipts $48,500
Homework Answers
Solution:
EOM Stock = [BOM - Net Sales - Net Markdowns + Net Receipts]
EOM Stock = 215,480 - 26675 - 24,485 + 48,500 = 212,820
Actual inventory = 209,400
Shortage = 212,820 - 209,400 = 3,420
Percentage : 3,420 / 153,800 * 100 = 2.22%
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If a physical inventory was taken in January and the actual
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If a physical inventory was taken in January and the actual inventory is $209,400, is there...
If a physical inventory was taken in January and the actual inventory is $209,400, is there a shortage or overage and by how much in dollars? Net sales for the year is $153,800. January BOM $215,480 January Sales $26,675 January Markdowns $24,485 January Receipts $48,500
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