LO$8-1$ through LO$8-3$

PROBLEM $8\mathrm{.}4$B

Year$-$End Adjustments: Shrinkage Losses and LCM

Sam's Lawn Maintenance uses a perpetual inventory system. At December $31,$ the perpetuad inventory records indicate the following quantities of a particular mower.

$\backslash$table$[[,$Quantity,Unit Cost,Total Cost$],[$First purchase $($oldest$).,80,$$$100,$$$8,000$