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What was the cost of shrinkage

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In 2013, Macy's reported cost of goods sold of $ 16.5 billion, ending inventory for 2013 of $ 5.3 billion, and ending inventory for the previous year (2012) of $ 5.1 billion.

Required:

If the cost of inventory purchases was $ 16.9 billion, what was the cost of shrinkage during 2013?

Reference no: EM13873101

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