Answer:
amount of Shrinkage Occurred = $900
Explanation:
given data
Beginning Inventory = $18,000
Purchases inventory cost = $63,000
Inventory sold = $54,000
sold during the month = $72,000
Actual Ending Inventory = $26,100
solution
we first find here Ending Inventory that is express as
Ending Inventory = Beginning Inventory + Purchases - Inventory Sold ..............1
put here value
Ending Inventory = $18,000 + $63,000 - $54,000
Ending Inventory = $27000
and Shrinkage will Occurred as
Shrinkage Occurred = Ending Inventory as per Book Value - Actual Ending Inventory .................2
put here value
Shrinkage Occurred = $27,000 - $26,100
amount of Shrinkage Occurred = $900