Question: Corey s Campus Store has 4 000 of inventory on hand
Corey’s Campus Store has $ 4,000 of inventory on hand at the beginning of the month. During the month, the company buys $ 41,000 of merchandise and sells merchandise that had cost $ 30,000. At the end of the month, $ 13,000 of inventory is on hand. How much shrinkage occurred during the month?
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