Question
Identifying Shrinkage and other missing inventory information: Calculate the missing information for each of the following independent cases: Case A Beginning Inventory $100 Purchases $700
Identifying Shrinkage and other missing inventory information:
Calculate the missing information for each of the following independent cases:
Case A Beginning Inventory $100 Purchases $700 Cost of Goods Sold $300 Ending Inventory (perpetual system) ? Ending Inventory (as counted) $420 Shrinkage $?
Case B Beginning Inventory $200 Purchases $800 Cost of Goods Sold ? Ending Inventory (perpetual system) $150 Ending Inventory (as counted) $150 Shrinkage ?
Case C Beginning Inventory $150 Purchases $500 Cost of Goods Sold $200 Ending Inventory (perpetual system) $450 Ending Inventory (as counted) ? Shrinkage $10
Case D Beginning Inventory $260 Purchases ? Cost of Goods Sold $650 Ending Inventory (perpetual system) $210 Ending Inventory (as counted) $200 Shrinkage ?
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