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Windsor, Inc. uses a perpetual Inventory system and reported $512000 of inventory at the beginning of the month based on a physical count of Inventory.
Windsor, Inc. uses a perpetual Inventory system and reported $512000 of inventory at the beginning of the month based on a physical count of Inventory. During the month, the company bought $53,000 of Inventory and sold Inventory that had cost $48,000. At the end of the month the physical count of inventory shows $515.000 on hand. How much shrinkage occurred during the month? Mulspe Choice $2.000 $3,000 546.000 $50.000
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