How do you calculate the adjustment for inventory shrinkage? For example, the problem says "A...
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Accounting
How do you calculate the adjustment for inventory shrinkage? For example, the problem says "A physical inventory account resulted in the following counts: desk lamps, 1984; table lamps, 5,993; and floor lamps, 8,900." What information would you need to get to the answer which is 302?
C. A physical inventory account resulted in the following counts: desk lamps lamps, 5,993, and floor lamps, 8,900. Review the perpetual record for desk lamps you prepared above Review the perpetual record for table lamps you prepared above Review the perpetual record for floor lamps you prepared above Date Dec 31 Accounts and Explanation Cost of Goods Sold Merchandise Inventory Adjustment for inventory shr

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You can see the logs in the Dashboard.