In 2013, Macy’s reported cost of goods sold of $

In 2013, Macy’s reported cost of goods sold of $ 16.5 billion, ending inventory for 2013 of $ 5.3 billion, and ending inventory for the previous year (2012) of $ 5.1 billion.
Required:
If the cost of inventory purchases was $ 16.9 billion, what was the cost of shrinkage during 2013?
Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula                Ending Inventory Formula =...

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