Recording the adjustment for the inventory shrinkage, Cost Accounting

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Recording the adjustment for the inventory shrinkage

Response to the following problem:

Office Outfitters Inc., which uses a perpetual inventory system, experienced a normal inventory shrinkage of $3,750. What accounts would be increased and decreased to record the adjustment for the inventory shrinkage at the end of the accounting period?

Make sure you use enough details to support your answer.

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Cost Accounting: Recording the adjustment for the inventory shrinkage

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Cost Accounting: Recording the adjustment for the inventory shrinkage

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