Question: Use the information provided to answer the following question. Beginning Inventory Net Purchases Gross Profit % Sales $104,141 $118,822 40% $154,759 If the physical

Use the information provided to answer the following question. Beginning Inventory Net

Use the information provided to answer the following question. Beginning Inventory Net Purchases Gross Profit % Sales $104,141 $118,822 40% $154,759 If the physical count of inventory was $100,000, then what should be the recorded amount of inventory shrink? *Round to the nearest dollar (no pennies).

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