The Tuck Shop began the current month with inventory costing $22,115, then purchased inventory at...
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Accounting
The Tuck Shop began the current month with inventory costing $22,115, then purchased inventory at a cost of $57,540. The perpetual inventory system indicates that inventory costing $64,628 was sold during the month for $65,850. If an inventory count shows that inventory costing $13,200 is actually on hand at month-end, what amount of shrinkage occurred during the month?
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