Windsor, Inc. uses a perpetual inventory system and reported $513,260 of inventory at the beginning of the month based on a physical count of inventory. During the month, the company bought $63,900 of inventory and sold inventory that had cost $35,500. At the end of the month, the physical count of inventory shows $535,000 on hand. How much shrinkage occurred during the month? Multiple Cholce $28,840 $42160 $6.660 $21740

Windsor, Inc. uses a perpetual inventory system and reported $513,260 of inventory at the beginning of the month based on a physical count of inventory. During the month, the company bought $63,900 of inventory and sold inventory that had cost $35,500. At the end of the month, the physical count of inventory shows $535,000 on hand. How much shrinkage occurred during the month? Multiple Cholce $28,840 $42160 $6.660 $21740

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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