Multiple Choice
Windsor,Inc.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?
A) $17,500
B) $12,500
C) $2,500
D) $5,000
Correct Answer:
Verified
Correct Answer:
Verified
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