Question: E 6 - 4 ( Static ) Inferring Shrinkage Using a Perpetual Inventory System [ LO 6 - 2 ] In the year ended February

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 billion, what was the cost of shrinkage during the year ended February 2,2019?(Enter
your answer in billions rounded to 1 decimal place.)
 E6-4(Static) Inferring Shrinkage Using a Perpetual Inventory System [LO 6-2] In

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