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Business, 07.04.2020 16:50 milhai0627a

Jones Company began the current month with inventory costing $12,000, then purchased inventory at a cost of $38,000. The perpetual inventory system indicates that inventory costing $35,210 was sold during the month for $44,000. If an inventory count shows that inventory costing $14,300 is actually on hand at month-end, what amount of shrinkage occurred during the month?

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