Question: Please show work E6-4 (Algo) Inferring Shrinkage Using a Perpetual Inventory System (LO 6-2) In the year ended February 2, 2019, Mishra Incorporated reported cost

Please show work

E6-4 (Algo) Inferring Shrinkage Using a Perpetual Inventory System (LO 6-2) In the year ended February 2, 2019, Mishra Incorporated reported cost of goods sold (before shrinkage) of $16.3 billion; February 2, 2019, inventory of $6.9 billion; and ending inventory for the previous year (February 3, 2018) of $6.6 billion Required: If the cost of inventory purchases was $171 billion, what was the cost of shrinkage during the year ended February 2, 2019? (Enter your answer in billions rounded to 1 decimal place.) Cost of Shrinkage billion

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