Friday
October 24, 2014

Homework Help: Accounting

Posted by Jill on Sunday, January 13, 2008 at 1:24pm.

Year end inventory at cost $55,902, at retail 84,700.

Questions:
A year-end physical inventory at retail prices yields a total inventory of $78,550. Prepare a calculation showing the company's loss from shrinkage at cost and at retail.

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