Business, 08.04.2020 04:32 Yaoicx681

Windsor, Inc. uses a perpetual inventory system and reported $512,000 of inventory at the beginning of the month based on a physical count of inventory. During the month, the company bought $53,000 of inventory and sold inventory that had cost $48,000. At the end of the month, the physical count of inventory shows $515,000 on hand. How much shrinkage occurred during the month?

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Windsor, Inc. uses a perpetual inventory system and reported $512,000 of inventory at the beginning...