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21 Nika Inc sells inexpensive sunglasses and uses a perpetual inventory system. The accounting records reported $525,000 of inventory at the beginning of June based

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21 Nika Inc sells inexpensive sunglasses and uses a perpetual inventory system. The accounting records reported $525,000 of inventory at the beginning of June based on a physical count of inventory. During June, Nika Inc. purchased $58,200 of inventory and sold inventory that had cost $37.750. At the end of the June, the physical count of inventory shows $545,000 on hand. How much shrinkage occurred during June? 149 (2 0157.30 Multiple Choice C) $450 0 537300 0 $20.000 Multiple Choice $450 S37,300 $20,000 38,200

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