13 The records of Alaska Company provide the following information for the year ended December 31. $ At Cost 472,150 3,852,710 3.57 points Beginning inventory, January 1 Cost of goods purchased Sales Sales returns At Retail $ 927,950 6,280,150 5,503, 700 45,400 eBook References Required: 1. Use the retail inventory method to estimate the company's year-end Inventory at cost. 2. A year-end physical inventory at retail prices yields a total inventory of $1,683,800. Prepare a calculation showing the company loss from shrinkage at cost and at retail. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Use the retail inventory method to estimate the company's year-end inventory at cost. (Round your ratio calculations to 2 decimal places. (i.e. 10.15%)) Cost-to-Retail Ratio At Retail $ $ Beginning inventory Cost of goods purchased Cost of goods available for sale Net sales at retail At Cost 472,150 3,852.710 4,324,860 927,950 6,280,150 7.208,100 $ $ Estimated ending inventory Required 2 Required The records of Alaska Company provide the following information for the year ended December 31. $ At Cost 472,150 3,852,710 Beginning inventory, January 1 Cost of goods purchased Sales Sales returns $ At Retail 927,950 6,280,150 5,503, 700 45,400 Required: 1. Use the retail inventory method to estimate the company's year-end inventory at cost. 2. A year-end physical inventory at retail prices yields a total inventory of $1,683,800. Prepare a calculation showing the company's loss from shrinkage at cost and at retail. Complete this question by entering your answers in the tabs below. Required 1 1 Required 2 A year-end physical inventory at retail prices yields a total inventory of $1,683,800. Prepare a calculation showing the company's loss from shrinkage at cost and at retail. (Round your ratio calculations to 2 decimal places. (l.e. 10.15%) ALASKA COMPANY Inventory Shortage December 31 At Cost Estimated inventory Physical inventory Inventory shortage At Retail