Question: E 6 - 4 ( Static ) Inferring Shrinkage Using a Perpetual Inventory System [ LO 6 - 2 ] In the year ended February
EStatic Inferring Shrinkage Using a Perpetual Inventory System LO
In the year ended February Macy's reported cost of goods sold before shrinkage of $ billion; February inventory
of $ billion; and ending inventory for the previous year February of $ billion.
Required:
If the cost of inventory purchases was $ billion, what was the cost of shrinkage during the year ended February Enter
your answer in billions rounded to decimal place.
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