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The Tuck Shop began the current month with inventory costing $25,565, then purchased inventory at a cost of $63,890. The perpetual inventory system indicates that
The Tuck Shop began the current month with inventory costing $25,565, then purchased inventory at a cost of $63,890. The perpetual inventory system indicates that inventory costing $70,500 was sold during the month for $73,850. If an inventory count shows that inventory costing $18,630 is actually on hand at month-end, what amount of shrinkage occurred during the month? $18,625. $325. $18,955. $9,960.
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