Financial accounting

12. Robin's Book Store began the current month with inventory costing $13,000, then purchased inventory at a cost of $39,500. The perpetual inventory system indicates that inventory costing $37,810 was sold during the month for $46,000. If an inventory count shows that inventory costing $14,200 is actually on hand at month-end, what amount of shrinkage occufred during the month? A. $14,190 B. $6,500 14,690 490 E. $500 13. Ace Hats uses the perpetual inventory system. At the beginning of the quarter, Ace $35,000 in inventory, During the quarter the company purchases $8,650 of new inventory from a vendor, returned S1,200 of inventory to the vendor, and took advantage of discounts from the vendor of $250. At the end of the quarter the balance in inventory is $29,000. What is jhe ost of goods sold? 13,200 B. $10,500 C. $6,000 D. $13,450 E. $14,650