ddd
Classified in Economy
Written at on 
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Chapter Four
Book Inventory at Cost = Opening Inventory + Retail Additions - Retail Deductions
Retail Additions = Purchases(receipts), customer returns, transfers in
Retail Deductions = Returns to vendor, net sales, markdowns, transfers out, etc.
Net Sales = Customer Returns + Gross Sales
Shortage/Overage $ = Book Inventory - Physical Inventory
Shortage/Overage % = Shortage/Overage $ / Net Sales
Physical > Book = overage
Book > Physical = shortage
Planned Shortage $ = Planned Shortage % X Net Sales