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 ?