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Mandy Company sells designer handbags. The purchasing manager, Eve, reports the following information regarding inventory for the the month of March: Beginning inventory $20,000, Purchases

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Mandy Company sells designer handbags. The purchasing manager, Eve, reports the following information regarding inventory for the the month of March: Beginning inventory $20,000, Purchases of inventory for $54,450. The perpetual inventory system indicates that inventory costing $59,628 was sold during March for $59,850. Eve counts the physical Inventory on March 31st and finds that inventory costing $13.400 is actually on hand at month-end. What amount of shrinkage will Mandy Company report for March

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