E6-7 identifying shrinkage and other missing inventory information

E6-7 Identifying Shrinkage and Other Missing Inventory Information 


Calculate the missing information for each of the following independent cases:  



Case     Beg.                          Cost of           Ending       Ending 

     Inventory     Purchases     Goods Sold     Inventory     Inventory

                                                                (perpetual)    (As Counted)                  Shrinkage 

A       $100        $700               $300                ?              $420                                ? 

B         200          800                   ?                150            150                                 ? 

C         150          500                200                450              ?                                 10 

D         260          ?                   650                210            200                                 ?

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