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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 $17,500, 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 $17,500, Purchases of inventory for $44,000. The perpetual inventory system indicates that inventory costing $46,710 was sold during March for $48,000. Eve counts the physical inventory on March 31st and finds that inventory costing $13,900 is actually on hand at month-end. What amount of shrinkage will Mandy Company report for March? Multiple Choice O $13,895 O $14.790 O

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