__________ is the difference between the recorded value of inventory based on merchandise bought and received and the value of the actual merchandise in stores and distribution centers divided by retail sales during the period.
A)Loss margin
B)Shrinkage
C)Obsolescence
D)Inventory turnover
E)Profit margin

Question

Quizplus · Accepted Answer

To calculate inventory shrinkage,the difference between the recorded value of the inventory and the actual value is divided by the retail sales.

__________ Is the Difference Between the Recorded Value of Inventory