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Alvarado Company began the current month with inventory costing $16,500, then purchased inventory at a cost of $42,500. The perpetual inventory system indicates that inventory
Alvarado Company began the current month with inventory costing $16,500, then purchased inventory at a cost of $42,500. The perpetual inventory system indicates that inventory costing $43,210 was sold during the month for $50,000. If an inventory count shows that inventory costing $14,000 is actually on hand at month-end, what amount of shrinkage occurred during the month? Multiple Choice $7,500 $15,790 $1,790
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