Please complete the following tables using the information in the question and the options from...
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Accounting
Please complete the following tables using the information in the question and the options from the drop down menu:
Nord Store's perpetual accounting system indicated ending inventory of $19,800, cost of goods sold of $99,000, and net sales of $148,000. A year-end inventory count determined that goods costing $14,900 were actually on hand a. Calculate the cost of shrinkage. The Cost of Shrinkage Beginning Inventory Cost of Goods Sold Inventory Balance Inventory Count Purchases b. Calculate an adjusted cost of goods sold (assuming shrinkage is charged to cost of goods sold). Adjusted Cost of Goods Sold
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