Question
Nord Stores perpetual accounting system indicated ending inventory of $18,800, cost of goods sold of $94,000, and net sales of $138,000. A year-end inventory count
Nord Stores perpetual accounting system indicated ending inventory of $18,800, cost of goods sold of $94,000, and net sales of $138,000. A year-end inventory count determined that goods costing $14,400 were actually on hand.
| Calculate the cost of shrinkage. |
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OECD Public Governance Reviews Brazils Supreme Audit Institution The Audit Of The Consolidated Year End Government Report
Authors: Oecd
1st Edition
9264188088, 978-9264188082
