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Windsor, Incorporated uses a perpetual inventory system and reported $250,000 of inventory at the beginning of the month based on a physical count of inventory.

Windsor, Incorporated uses a perpetual inventory system and reported $250,000 of inventory at the beginning of the month based on a physical count of inventory. During the month, the company bought $22,500 of inventory and sold inventory that had cost $15,000. At the end of the month, the physical count of inventory shows $255,000 on hand. How much shrinkage occurred during the month? $17,500 $12,500 $2,500 O $5,000 None of the above

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