Alvarado Company began the current month with inventory costing $32,000, then purchased Inventory at a cost of $77,000. The perpetual Inventory system indicates that inventory costing $68,000 was sold during the month for $86,000. If an inventory count shows that inventory costing $40,055 is actually on hand at month-end, what amount of shrinkage occurred during the month Multiple Choice 541000 59.450