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    Cost Accounting
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    Exam 20: Inventory Management, Just-in-Time, and Simplified Costing Methods
  5. Question
    Shrinkage Is Measured by Adding (A) the Cost of the Inventory
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Shrinkage Is Measured by Adding (A) the Cost of the Inventory

Question 78

Question 78

True/False

Shrinkage is measured by adding (a) the cost of the inventory recorded on the books in the absence of theft and other incidents just mentioned, and (b) the cost of inventory when physically counted.

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