Alvarado Company began the current month with inventory costing $11,000, then purchased inventory at a cost of $36,500. The perpetual inventory system Indicates that inventory costing $32,750 was sold during the month for $42,000. If an inventory count shows that inventory costing $14,400 is actually on hand at month-end, what amount of shrinkage occurred during the month? 8 Multiple Choice $14,395 $350 $14,750 $5,500