At year$-$end, the inventory account contains a balance of $$250,000.$ A physical count

shows that the inventory total is actually $$247,500$ as a result of normal shrinkage. The

entry needed to record normal inventory shrinkage is as follows:

Cost of goods sold........................................................................................ $2,500$

b$.$ Inventory shrinkage loss.......................$\mathrm{.}2,500$

Inventory

$2,500$

$($D$)$ c$.$ Inventory

Cost of goods sold

$2,500$

$2,500$

D

d$.$ Cost of goods sold.

$2,500$

Inventory shrinkage loss

$2,500$