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Alvarado Company began the current month with inventory costing $34,000, then purchased inventory at a cost of $79,000. The perpetual inventory system indicates that inventory
Alvarado Company began the current month with inventory costing $34,000, then purchased inventory at a cost of $79,000. The perpetual inventory system indicates that inventory costing $70,000 was sold during the month for $88,000. If an inventory count shows that inventory costing $42.005 is actually on hand at month-end, what amount of shrinkage occurred during the month? $42,025 O $965 O $43,000 $9,650 None of the above
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