12/10/21, 2:58 AM Assignment Print View 5. Award: 10.00 points IPS Office PL En jon mm had . robbery on the weekend in which a large amount of inventory was taken. The loss 's over completely by insurance. A physical inventory count determined that the cost of the remai. g merchandise is $58,200. The following additional information is available: At Cost At Retail Beginning merchandise inventory 74,700 $ 93,450 Purchase returns and allowances 14,700 19,700 Purchases 1,221,510 1,731,750 Transportation-in 18,450 Sales 1,639,500 Sales returns and allowances 17,700 Required: 1. Prepare an estimate of ending merchandise inventory using the retail method. PET EMPORIUM Estimated Inventory At Cost At Retail Goods available for sale: Goods available for sale Cost to retail ratio Estimated ending inventory at cost DS OTT Cak ilc e ti : co . of the stolen inventory. https://ezto.mheducation.com/hm.tpx?todo=c15SinglePrintView&singleQuestionNo=5.&postSubmissionView= 13252716890598331&wid=1325271730... 1/2 12/10/21, 2:58 AM Assignment Print View Cost of the stolen inventory References Worksheet Learning Objective: 06-06 Apply both the gross profit and retail inventory methods to estimate inventory. WPS Office https://ezto.mheducation.com/hm.tpx?todo=c15SinglePrintView&singleQuestionNo=5.&postSubmissionView= 13252716890598331&wid=1325271730... 2/2