G The records of Bridgeport Menswear report the following data for the month of September: Purchases (at cost) Purchases (at sales price) Purchase returns (at cost) 2,200 Purchase returns (at sales price) 10,100 Beginning inventory (at cost) Sales Sales returns Additional markups Markup cancellations Markdowns Markdown cancellations 4 Freight on purchases $117,800 e Textbook and Media 2,800 12,500 Estimated loss due to shrinkage and theft 3,200 4,000 Beginning inventory (at sales price) Assuming that a physical count of the inventory determined that the actual ending inventory at retail prices at the end of September was $40,500, estimate the loss due to shrinkage and theft. (Round intermediate calculations to 2 decimal places, e.g. 15.21% and the final answer to 0 decimal places, e.g. 5,275.) $61,400 115,000 3,100 3,400 41,146 49,200 12600

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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The records of Bridgeport Menswear report the following data for the month of September:
Purchases (at cost)
Purchases (at sales price)
Purchase returns (at cost)
2,200 Purchase returns (at sales price)
Sales
Sales returns
Additional markups
Markup cancellations
Markdowns
Markdown cancellations
Freight on purchases
$117,800
eTextbook and Media
2,800
12,500
10,100 Beginning inventory (at cost)
3,200
Estimated loss due to shrinkage and theft
4,000
Beginning inventory (at sales price)
Assuming that a physical count of the inventory determined that the actual ending inventory at retail prices at the end of
September was $40,500, estimate the loss due to shrinkage and theft. (Round intermediate calculations to 2 decimal places, e.g.
15.21% and the final answer to 0 decimal places, e.g. 5,275.)
$61,400
115,000
3,100
3,400
12600
41,146
49,200
4
Transcribed Image Text:The records of Bridgeport Menswear report the following data for the month of September: Purchases (at cost) Purchases (at sales price) Purchase returns (at cost) 2,200 Purchase returns (at sales price) Sales Sales returns Additional markups Markup cancellations Markdowns Markdown cancellations Freight on purchases $117,800 eTextbook and Media 2,800 12,500 10,100 Beginning inventory (at cost) 3,200 Estimated loss due to shrinkage and theft 4,000 Beginning inventory (at sales price) Assuming that a physical count of the inventory determined that the actual ending inventory at retail prices at the end of September was $40,500, estimate the loss due to shrinkage and theft. (Round intermediate calculations to 2 decimal places, e.g. 15.21% and the final answer to 0 decimal places, e.g. 5,275.) $61,400 115,000 3,100 3,400 12600 41,146 49,200 4
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