Chapter 6 Homework 100700 Share 1 16.66/16.00 point E6-4 (Static) Inferring Shrinkage Using a Perpetual Inventory System (LO 6-2] In the year ended February 2, 2019, Macy's reported cost of goods sold before shrinkage) of $15.2 billion February 2, 2019, Inventory of $5.3 billion and ending inventory for the previous year (February 3, 2018) of $5.2 billion Required: if the cost of inventory purchases was $15.5 bilion, what was the cost of shrinkage during the year ended February 2, 2017 Enter your answer in billions rounded to 1 decimal place.) Scored Coat of an 02 bilion Explanation famounts in ons Beginning Inventory Purchases - Cost of Goods Sold Ending Inventory, Prior to Shrinkage Adjustment Ending Inventory, as Reported (after shrinkage adjustment) $ 5.2 15.5 (15.2) 5.5 (5.3)