Victoria Fashions Clothing Store uses the perpetual method of accounting for inventory. During the current year, purchases are $30,000 and cost of goods sold is $25,000. Beginning inventory is valued at $4,000 and ending inventory was taken on December 31 and valued at $6,000. Inventory shortage expense for the current year is:

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The Answer of Victoria Fashions Clothing Store uses the perpetual method of accounting for inventory. During the current year, purchases are $30,000 and cost of goods sold is $25,000. Beginning inventory is valued at $4,000 and ending inventory was taken on December 31 and valued at $6,000. Inventory shortage expense for the current year is:

Victoria Fashions Clothing Store Uses the Perpetual Method of Accounting