6 DUE AT MIDNIGHT In the year ended Fobruary 2,...
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Accounting
6 DUE AT MIDNIGHT
In the year ended Fobruary 2, 2019, Ortiz industries reported cost of goods sold (before shrinkage) of $18.2 billion; February 2,2019 . inventory of $9.8 billion; and ending inventory for the previous year (February 3,2018 ) of $9.2 billion. Required: If the cost of inventory purchoses was $19.2 billion, what was the cost of shrinkage during the year ended February 2. 2019? (Enter your answer in billions rounded to 1 decimal place.)
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