Multiple Choice
A retailer uses a stock counting-based physical inventory system.Its beginning inventory on January 1,2017 is 600 units; total purchases in January were 252 units.Sales for January were 325 units.A physical count of goods as of February 1,2017 revealed 500 units.Stock shortages for the period equal ________.
A) 27 units
B) 63 units
C) 155 units
D) 235 units
Correct Answer:
Verified
Correct Answer:
Verified
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