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Pronghorn Menswear Inventory Loss Estimate for September

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Pronghorn Menswear's records show inventory data for September. Their actual ending inventory at retail prices was $40,100. They need to estimate the loss due to shrinkage and theft based on this ending inventory amount.

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Current Attempt in Progress The records of Pronghorn Menswear report the following data for the month of September: Assuming that a physical count of the inventory determined that the actual ending inventory at retail prices at the end of September was $40,100, 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.) Estimated loss due to shrinkage and theft

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Pronghorn Menswear Inventory Loss Estimate for September

  • 1. Current Attempt in Progress The records of Pronghorn Menswear report the following data for the month of September: Assuming that a physical count of the inventory determined that the actual ending inventory at retail prices at the end of September was $40,100, 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.) Estimated loss due to shrinkage and theft