Alvarado Company began the current month with inventory costing $20,000, then purchased inventory at a cost of $47,000. The perpetual inventory system indicates that inventory costing $52,128 was sold during the month for $52,000. If an inventory count shows that inventory costing $13,700 is actually on hand at month-end, what amount of shrinkage occurred during the month?

Multiple Choice

• $13,695

• $1,172

• $5,000

• $14,872