issagirl23
19.10.2021 •
Business
4 points my workCheck My Work button is now enabled2Item 1 E6-4 Inferring Shrinkage Using a Perpetual Inventory System [LO 6-2] In fiscal 2015, Madi's reported cost of goods sold (before shrinkage) of $18.2 billion, ending inventory for 2015 of $9.8 billion, and ending inventory for the previous year (2014) of $9.2 billion. Required: If the cost of inventory purchases was $19.2 billion, what was the cost of shrinkage during 2015
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